$BTC Signal】1H level short squeeze setup, pull back for confirmation


$BTC The 1H level repeatedly tests the 74255-74901 range, with buy orders clearly supporting near the 74250 area on the 4H Bollinger middle band. The 1H MACD histogram contracts, indicating weakening bearish momentum. Market depth shows sell orders account for as much as 86.26%, but the price has not quickly broken downward, suggesting a potential short squeeze. In a negative funding rate environment, open interest remains stable, and bulls are clearly defending key levels.

Current price around 74300, go long with stop below 72295. First target at 77887, reduce positions upon reaching. Second target at 79750.

The 4H EMA50 at 72659 provides strong support, and the 1H EMA20 and EMA50 are converging in the 74455-74161 zone, offering price support in this area. The current risk-reward ratio is close to 1.8, with manageable risk. If the price stabilizes in this zone, testing the 1H Bollinger upper band at 75257 is highly probable.

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