【$BTC Signal】Pullback Long! 1H Level Retesting Key Support, Awaiting Stabilization and Rebound

$BTC 1H level is currently testing the key support zone, price has pulled back near the 4-hour EMA50 moving average, short-term momentum is weak but buying support is beginning to emerge below. 4H level remains in a high-level range-bound structure, but open interest remains stable with no panic selling evident. Current price is far from 1H EMA20, directly chasing longs carries high risk, patiently await pullback confirmation.

🎯 Direction: Long (pullback pending orders)

⚡ Entry/Pending Orders: 70061.5 - 70173.9

🛑 Stop Loss: 69109.0

🚀 Target 1: 74433.6

🚀 Target 2: 76563.4

🛡 ️Trade Management: - Execution Strategy: Once price reaches the first target, reduce position by 50% and immediately move stop loss to entry price. Trail remaining position for take profit. If price retraces and breaks below the adjusted stop loss, exit entire position.

Deep Logic: Despite price decline, open interest remains stable, suggesting this may be a technical pullback rather than major seller liquidation. 1-hour RSI is approaching oversold territory, indicating rebound demand exists. Order flow data shows buy orders accumulating around 70500, the 70000-70100 zone below is a key support band where 4-hour EMA50 converges with previous small platform resistance, making it an ideal entry zone. Negative funding rates also reduce the cost pressure of holding long positions.

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