【$BTC Signal】Two-way Pending Order Script: 1H Consolidation with Reduced Volume, Waiting for Direction Choice

$BTC The 1H timeframe is consolidating with decreasing volume between 68000-69000, with the price temporarily stable below the 1H EMA50 (69094). The 4H timeframe remains in a downtrend, but the latest 4H candle shows a lower shadow, indicating buying interest below. Open interest remains stable, the price is declining but without triggering large-scale liquidations, possibly due to bulls defending or bears taking profits. Currently at a critical crossroads, awaiting confirmation of the trend.

🎯 Direction: Watch and see ( Pending Orders ) - Waiting for breakout or pullback confirmation

⚡ Pending Order Strategy:

1. 【Breakout Buy】 Pending Order: $69250 ( Reason: Stabilize above 1H EMA50 and previous hour’s high, confirming a short-term trend reversal )

2. 【Pullback Buy】 Pending Order: $68000 ( Reason: Pull back to previous support at 4H level and psychological round number )

🛑 Stop Loss:

- Long position stop loss: $67500 ( Reason: Break below previous support and ATR lower band )

🚀 Target 1: $70200 ( Reason: Resistance at previous 4H high and EMA20 pressure level )

🚀 Target 2: $71000 ( Reason: 1.618 Fibonacci extension level )

🛡️ Trade Management:

- Position size suggestion: Light position ( Reason: Trend is uncertain, volatility remains high, focus on exploratory positions )

- Execution strategy: If either pending order is triggered, reduce position by 50% after reaching Target 1, and move stop loss to entry price. Hold remaining position towards Target 2. If no profit is realized within 1 hour after entry, consider exiting early.

Deep logic: Order book shows buy depth slightly exceeding sell depth (depth imbalance 51.59%), but selling pressure above still exists. The 1H RSI (42.72) is in a neutral-weak zone, indicating potential for rebound. Key is whether the price can hold above $69000 and attract incremental funds. If volume breaks through $69250, the 1H timeframe may form a W-bottom pattern.

Trade here 👇 $BTC

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