【$BTC Signal】Long - 4H strong breakout and retest, 1H recharging for another attack
$BTC The 1H timeframe is consolidating strongly above EMA20 (~67779), and the 4H timeframe has confirmed a breakout above the previous consolidation zone upper boundary (~67500). The current price retest confirms support, making it an excellent short-term long entry point. Under the negative funding rate environment, the price remains firm, indicating limited bearish pressure and a clear main force support intention.
🛑Stop Loss: 67500 (Reason: Break below the 4H key breakout level and previous low support )
🚀Target 1: 69200 (Reason: Previous high resistance and psychological level )
🚀Target 2: 70000 (Reason: Round number level and 1.272 Fibonacci extension )
🛡️Trade Management:
- Position Size Suggestion: Standard position (Reason: 4H and 1H cycle resonance, clear technical structure )
- Execution Strategy: After the price reaches 69200, reduce position by 50% and move stop loss to entry point. Hold remaining position for the 70000 target; if the price retraces to the entry zone, exit all.
Deep Logic: After a volume breakout on the 4H candlestick, a volume contraction retest occurs, indicating a healthy structure. The 1H RSI (62.36) is in a strong zone, not overbought. Market depth shows substantial buy orders (bid_ask_ratio_depth: 2.90), with a large buy order of 13 BTC support at below 68280, indicating clear main force support. Negative funding rates combined with rising prices suggest potential short squeeze.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$BTC Signal】Long - 4H strong breakout and retest, 1H recharging for another attack
$BTC The 1H timeframe is consolidating strongly above EMA20 (~67779), and the 4H timeframe has confirmed a breakout above the previous consolidation zone upper boundary (~67500). The current price retest confirms support, making it an excellent short-term long entry point. Under the negative funding rate environment, the price remains firm, indicating limited bearish pressure and a clear main force support intention.
🎯Direction: Long (Long)
🎯Entry/Order: 68250 - 68350 (Reason: 1H EMA20 dynamic support zone, 4H breakout retest confirmation level )
🛑Stop Loss: 67500 (Reason: Break below the 4H key breakout level and previous low support )
🚀Target 1: 69200 (Reason: Previous high resistance and psychological level )
🚀Target 2: 70000 (Reason: Round number level and 1.272 Fibonacci extension )
🛡️Trade Management:
- Position Size Suggestion: Standard position (Reason: 4H and 1H cycle resonance, clear technical structure )
- Execution Strategy: After the price reaches 69200, reduce position by 50% and move stop loss to entry point. Hold remaining position for the 70000 target; if the price retraces to the entry zone, exit all.
Deep Logic: After a volume breakout on the 4H candlestick, a volume contraction retest occurs, indicating a healthy structure. The 1H RSI (62.36) is in a strong zone, not overbought. Market depth shows substantial buy orders (bid_ask_ratio_depth: 2.90), with a large buy order of 13 BTC support at below 68280, indicating clear main force support. Negative funding rates combined with rising prices suggest potential short squeeze.
View real-time market 👇 $BTC
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL #我在Gate广场过新年 #加密市场反弹