【$BTC Signal】Multi-cycle convergence, 1H-level rebound momentum brewing

$BTC 1H-level price supported above Bollinger lower band 70575, MACD histogram first expanding below zero line, bearish momentum shrinking. 4H-level price tightly hugging EMA50 at 70746, Bollinger middle band at 71960 forming the first resistance above. Market depth data shows buy orders dominate, but active selling pressure persists.

Price repeatedly tests within 70600-71100 range, 1H MACD golden cross pattern has appeared, bearish force weakening. This position can attempt to go long, enter directly around current price 70870, with stop-loss below 70040. First target at 73180, second target at 74230.

4-hour trading volume shrunk to extremely low, a sign of impending reversal. Open interest remains stable, negative funding rate provides slight short squeeze protection. 1H RSI rebounded from oversold area to 43, buying interest begins tentative entry. Risk-reward ratio approaches 2, this level is worth risking limited funds for a one-hour rebound play.

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