【$BTC Signal】Pullback to buy, main force’s bottoming intention exposed

$BTC 1H timeframe is consolidating around 68,700 with a narrow range, buy orders are deep and dense below 68,712. The lower band of the 4-hour Bollinger Bands at 68,156 provides strong support, and the 1-hour MACD histogram has turned positive, indicating weakening bearish momentum. Under a negative fee environment, open interest remains stable, and selling pressure is effectively absorbed.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 68,280 - 68,390 range

🛑Stop Loss: 67,340

🚀Target 1: 72,590

🚀Target 2: 74,690

🛡️Trade Management:
- Execution Strategy: Reduce half of the position after reaching the first target, and move the remaining stop loss to the entry price. If the price cannot hold above 69,000, consider exiting early.

Currently, buy-side strength clearly dominates, and the capital’s bottoming intention is fully exposed. The 1-hour RSI at 36.5 is healthy, leaving room for a rebound. Although the 4-hour trend is bearish, the MACD negative divergence is narrowing, and downward momentum is weakening. This standoff near key support levels often signals an imminent trend reversal. The risk-reward ratio exceeds 4, making it worthwhile to attempt a limited-risk breakout to the upside.

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