【$BTC Signal】1H timeframe building momentum, breakout imminent, targeting short-term short squeeze

$BTC The 1H timeframe is consolidating strongly above EMA20 (~66790), with price compressed in a very narrow range (66900-67100), a typical sign of an upcoming trend reversal. The 4H timeframe is still oscillating, but the latest candlestick closed above 67000, showing bullish resilience. Market depth indicates significant buy-side support, open interest remains stable, and funding rates are neutral, all preparing for an upward breakout.

🎯Direction: Long (Long)

🎯Entry/Order: Buy on breakout above 67150 (Reason: Breakout of 1H consolidation zone upper boundary and previous resistance)

🛑Stop-loss: 66780 (Reason: Break below 1H EMA20 and lower boundary of consolidation)

🚀Target 1: 67800 (Reason: 4H previous high resistance level)

🚀Target 2: 68500 (Reason: 1.618 Fibonacci extension level, corresponding to recent downward wave)

🛡️Trade Management:

- Position size suggestion: Light (Reason: 4H trend is not fully clear, focus on breakout plays)

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop-loss to entry point (67150). Hold remaining position for Target 2, exit all if price retraces back to 67150.

Order book logic: Currently, 1H RSI (52.54) is in a healthy mid-range, with room to move higher. Market depth shows buy orders (bids) far outweigh sell orders (asks), with bid_ask_ratio_depth as high as 3.08, indicating strong support below. Market logic suggests upward movement, combined with stable OI, ruling out a short squeeze and indicating main players are supporting the rally. A small ascending triangle has formed on the 1H chart, ready for a breakout.

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