【$BTC Signal】1H rebound trading, pullback to buy and target previous high

$BTC The 1H timeframe is oscillating narrowly between 68000-69000, with the price testing the 1H EMA20 (68818) resistance. The 4H timeframe remains in a downtrend, but the 1H RSI (39.89) has rebounded from oversold territory, and the latest 1-hour candlestick shows buy volume at 52%, indicating weakening selling pressure and a short-term technical rebound demand. Open interest remains stable, and negative funding rates suggest bears are dominant, but the price has not broken lower, so watch out for short covering.

🎯Direction: Long (buy on pullback)

🎯Entry/Order: 68500 - 68700 (Reason: retesting the 1H EMA20 support zone, which is also a recent minor consolidation center)

🛑Stop Loss: 67900 (Reason: breaking below the previous low of 68030 and the 4H candlestick low confirms the continuation of the decline)

🚀Target 1: 69500 (Reason: previous high resistance on the 4H timeframe and near EMA50 (69527))

🚀Target 2: 70300 (Reason: previous high on the 1H timeframe and the rebound high on February 15)

🛡Trade Management:

- Position size suggestion: Light position (Reason: 4H trend remains bearish; this is a counter-trend rebound game against the small timeframe, with higher risk)

- Execution strategy: After reaching Target 1, move the stop loss to the entry point (break-even). Hold remaining positions toward Target 2. If the price cannot stay above the 1H EMA20 or the rebound shows weakness, consider reducing the position early.

Deep logic: Market depth shows concentrated buy orders around 68320 (about 4.67 BTC), forming short-term support. A potential bullish divergence is forming on the 1H chart, with new lows in price but no new lows in RSI. The market logic indicates “price drops, open interest stable,” which is not indicative of main force selling but more passive reduction of long positions. If the price can volume-break above 69000 (1H EMA50), it will confirm a short-term bottom and attract long-side funds.

Trade here 👇 $BTC

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