【$BTC Signal】Pullback to EMA50, a key level for bulls and bears

$BTC 1H timeframe is oscillating narrowly between 70,800 and 71,400, with the price firmly pressed below EMA20.
A large bearish candle on the 4H chart directly breaks through the EMA50 critical line, with a clear gap in buying depth.
The order wall around 70,900 is very thin, and bears hold the advantage in the order book.

The price can be gradually accumulated in the range of 70,566 to 71,121.

Defense must be set slightly below 70,000, at 70,000.7.

First target: 73,363, second target: 74,483.

🛡️Trading management: - Execution strategy: After reaching target 1, reduce position by 50%, and move the stop-loss to breakeven.
If the price falls back into the entry zone, automatically exit to protect capital.

The 1H RSI drops to 27.96, indicating short-term oversold conditions but with weak rebound.
After the 4H MACD bearish crossover, the histogram continues to expand, showing ongoing bearish momentum.
Open interest remains stable, and the negative funding rate suggests strong bearish sentiment, but no extreme short squeeze has occurred.
This position offers a good risk-reward ratio, but a quick move back above 71,500 is needed to confirm a bullish reversal.

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