【$BTC Signal】Bid-Ask Orders! 1H Triangle Convergence Ending, Awaiting Breakout Direction

$BTC The 1H timeframe is in extreme narrow-range consolidation, with the price fluctuating only 120 USD between 67950-68070, and trading volume sharply declining. This is a typical pre-breakout sign. The 4H EMA20 (67818) and EMA50 (67941) are nearly fused, indicating an unclear trend, but the 1H compression spring is about to release tremendous energy. Market depth shows the best ask (67960.1) accumulating 12.955 BTC, while the best bid (67960) has only 1.085 BTC, creating an imbalance of -79.73%, suggesting that any breakout in either direction could trigger a fierce one-sided move.

🎯 Direction: Wait and see (Bid-Ask Orders)

⚡ Breakout Order (Long):

Entry: 68080 (Reason: Valid breakout above the 1H consolidation zone and dense sell pressure area)

⚡ Pullback Order (Long):

Entry: 67820 (Reason: Rebound to 4H EMA20 strong support and previous low on 1H structure)

🛑 Unified Stop Loss: 67650 (Reason: Break below 4H EMA20 and recent oscillation platform lower boundary, structure broken)

🚀 Target 1: 68500 (Reason: Previous high on 4H candles acting as resistance)

🚀 Target 2: 68800 (Reason: Previous high on daily chart and Fibonacci 0.618 resistance zone)

🛡 Trading Management:

- Position suggestion: Light position (Reason: Direction is unclear, follow the breakout, risk controllable)

- Execution strategy: Will trigger only one side of the orders. After triggered, when the price reaches Target 1, reduce position by 50%, and move stop loss to entry price. If the price cannot quickly move away from the cost area and retrace to the entry point, consider closing the position.

Depth logic: Current 1H RSI (48.34) is neutral, no divergence. Open interest (OI) remains stable, no obvious escape signals. Market logic suggests “price rising, please consider open interest,” but the current price is sideways, so be alert whether major players are accumulating below 68000 or bulls are losing strength. Key observation: volume breakout above 68080 indicates major players’ action; volume decline below 67800 suggests testing lower support. Volatility (ATR 698) is high; once broken, profit potential is significant.

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