【$BTC Signal】Long - 1H Strong Breakout, Main Funds Support, Short Squeeze Initiation

$BTC The 1H timeframe is consolidating strongly above the EMA20, just broke through the 69,000 level with increased volume, momentum is strong. A large bullish candle on the 4H chart has directly reversed the downward trend, with the price above EMA20, shifting the trend from weak to strong. The current negative funding rate combined with rising prices indicates a typical short squeeze structure is forming.

🎯Direction: Long (Long)

🎯Entry: $68880 - $68950 (Reason: After the 1H breakout, a pullback confirmed support at EMA20_1H dynamic support )

🛑Stop Loss: $68300 (Reason: Break below the previous 1H candle's low and the 4H EMA20 support )

🚀Target 1: $69500 (Reason: Previous high resistance level, also an intraday high )

🚀Target 2: $70200 (Reason: 4H previous high and EMA50 resistance zone )

🛡️Trading Management:

- Position Size Recommendation: Standard position (Reason: 1H/4H resonance breakout, clear signals )

- Execution Strategy: After price reaches $69,500, reduce position by 50% and move stop loss to entry point at $68,900. Remaining position aims for the $70,200 target. If the price pulls back into the entry zone without breaking below, consider adding to the position.

Depth Logic: Over the past 4 hours, open interest has remained stable, and the price has surged without decreasing holdings, indicating it’s not just a short covering but new long funds are entering. The 1H RSI is at 69, leaving room for further upside. Market depth shows buy orders accumulating around $68,870 (7.16 BTC), providing strong support. In a negative funding rate environment, the price remains resilient, a classic sign of a short squeeze, with clear main force support.

Trade here 👇 $BTC

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