【$BTC Signal】Pullback for Long! 1H Level Retest Confirmed, Obvious Dealer Support Intent

$BTC is oscillating near a key EMA support zone at the 1H level, with price finding initial support above the 4-hour EMA20. Despite short-term price decline, open interest remains stable, and the funding rate is negative, suggesting short positions face squeeze risk. The 1-hour RSI has rebounded from oversold territory, with substantial buy depth around 70700, showing clear dealer support. The 4-hour level remains in a healthy pullback within an uptrend—an excellent short-term entry opportunity.

🎯 Direction: Long

⚡ Entry/Orders: 70201 - 70320

🛑 Stop Loss: 69194

🚀 Target 1: 74824

🚀 Target 2: 77077

🛡 ️Trade Management:
- Execution Strategy: Reduce position by 50% upon reaching Target 1, and move stop loss up to entry price. Trail remaining position for take profit; if price breaks Target 1 strongly, can hold for Target 2.

Deep Logic: Price decline with stable open interest—not dealer liquidation, but rather long leverage cleanup. 1-hour RSI forming early bullish divergence with momentum about to reverse. Order book data shows buy depth significantly exceeding sell depth; the 70200-70300 zone below is an optimized strong support level. Combined with 4-hour EMA50 trend support, the risk-reward ratio reaches 4:1, worthy of heavy position targeting.

View Live Chart 👇 $BTC
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