【$BTC Signal】1H Strong Breakout, Pullback to Enter Long for New Highs

$BTC 1H timeframe just broke above previous high with volume and stabilized above EMA20, showing strong momentum. The 4H timeframe has already broken the downtrend line and formed a bullish engulfing pattern, indicating a trend reversal. Currently, the price is consolidating strongly around 69,000. Negative funding rates and stable open interest suggest short squeeze pressure on the bears, and a pullback presents a buying opportunity.

🎯Direction: Go Long (Long)

🎯Entry/Order: 68,800 - 68,950 (Reason: Dynamic support from 1H EMA20 + previous hour’s low area)

🛑Stop Loss: 68,300 (Reason: Break below the previous 4H candle’s low of 68,500, combined with ATR)

🚀Target 1: 69,800 (Reason: Previous high resistance level)

🚀Target 2: 71,000 (Reason: Previous wave high on 4H and psychological level)

🛡️Trade Management:

- Position Size: Standard position (Reason: 1H/4H resonance breakout, higher win rate)

- Execution Strategy: After reaching 69,800, reduce position by 50% and move stop loss to entry price. Hold remaining position for 71,000 target; if 1H closes below 69,000, exit all.

Deep Logic: Over the past 4 hours, open interest remains stable, and the price surged 5.6% without a decrease in open interest, indicating healthy bullish momentum. The 1H RSI is at 72.97, showing strength but not overbought, leaving room for further upside. Order book data shows buy orders concentrated between 68,900 and 69,000, providing strong support. Market logic suggests price increases are driven by main players entering rather than purely short covering.

Trade here 👇 $BTC

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