Bitcoin 1H Chart Analysis

The 1H timeframe is currently in a narrow range between 65,800 and 67,600. The 4H timeframe shows a weak consolidation after a large bearish candle, indicating an overall downtrend continuation. The price is suppressed below the 4H EMA20 (67,751), but the 1H RSI (38.4) is approaching oversold levels, and the order book depth favors buyers (imbalance of 44.22%), indicating a battle between bulls and bears. Open interest remains stable, and the funding rate is slightly negative, suggesting that bears have not significantly increased their positions. It is not advisable to chase short positions at this moment; instead, wait for a clear directional signal on the 1H timeframe. #Gate广场发帖领五万美金红包 $BTC