【$BTC Signal】1H timeframe bearish momentum is releasing, sniping the pullback

$BTC 1H timeframe buying depth is imbalanced, with active sell orders continuously emerging. The 4H MACD histogram shows expanding negative values, and the price has broken below the middle band of the Bollinger Bands and is moving toward the lower band. The order book shows buy orders piled around 70720 but lacks large orders to support the bottom, and the capital support intention is unclear.

Bearish momentum is releasing; the current price around 70720 is suitable for direct short entry.

⚡Entry: 70720

🛑Stop Loss: 69992.6

🚀Target 1: 72813.6

🚀Target 2: 73753.9

🛡️Trade Management: - Execute strategy: after reaching Target 1, halve the position; move the remaining stop loss up to the entry price. If the price rebounds back into the entry zone, exit unconditionally.

The 1-hour RSI has fallen to an extreme level of 24.59, but the 4-hour timeframe remains at a neutral-weak position of 41.97. The divergence suggests a short-term rebound may occur, but the overall downtrend is unlikely to change. Position volume is stable, but funding rates have turned negative, so the persistence of short squeezing needs to be monitored. The current risk-reward ratio is close to 2; this trade has a reasonable risk-return profile, but caution is needed for a technical rebound after overselling.

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