【$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 is consolidating 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 candlesticks have smaller bodies, 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 by large players. 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 support levels (such as the previous low around 65000) with decreasing volume and RSI bullish divergence. Current levels have poor risk-reward ratio and low win rate, so execute【Hold Cash】strategy.

Trade here 👇 $BTC

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