【$BTC Signal】Hold cash + wait for key support confirmation

$BTC is weakly oscillating below EMA20, with price action showing consolidation after a decline, lacking a clear direction.

🎯 Direction: Hold cash

Market analysis: After breaking below EMA20 (67461), the price consolidates narrowly around 66900. The 4H RSI (44.48) is in a neutral to slightly weak zone, not entering oversold. ATR (1427) indicates volatility remains high, but recent candlestick bodies are shrinking, suggesting a temporary balance between bulls and bears.

Core logic: The key contradiction lies in the data. Funding rate (0.0027%) is positive but very low, open interest (OI) trend is stable, with no signs of major liquidation or short squeeze. The order book imbalance is as high as 94.39%, with bids significantly thicker than asks, indicating strong support below. However, the price has not effectively broken above EMA20, and the daily trend remains in a downtrend (from over 95000+).

Overall judgment: Currently in a zone of continued decline and potential bottoming. The accumulation of buy orders suggests funds are defending or accumulating at this level, but the price has not formed a strong rebound, indicating buying power is insufficient to immediately reverse the trend. Market logic suggests “price decline, combined with open interest analysis,” with OI stable, not panic selling, more like a healthy reset after leveraged longs are wiped out.

Trading plan: Wait for clearer PA signals. Going long requires the price to stabilize above EMA20 (around 67500) and OI to start rising, or a deeper pullback to key supports (such as the previous low around 65000) with decreasing volume and RSI bullish divergence. The current entry point offers poor risk-reward and low probability, so execute【Hold cash】strategy.

Trade here 👇 $BTC

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