【$BTCUSDT Signal】1H breakout and pullback, main funds support

$BTCUSDT After a surge on the 1H timeframe, the price pulls back to test the EMA20, with buy orders clearly stacking around 67,650. The middle band of the 4-hour Bollinger Bands provides effective support, and the MACD double lines are expanding above the zero line. Open interest remains stable, and despite a negative funding rate environment, the price remains resilient. The potential risk of short squeeze is accumulating.

🎯Direction: Long

⚡Entry/Order: 67,650 - 67,700

🛑Stop Loss: 67,480

🚀Target 1: 68,200

🚀Target 2: 68,550

🛡️Trade Management:
- Execution Strategy: After reaching the first target, move half of the position’s stop loss up to the entry price. Hold the remaining position to aim for the second target. If the price pulls back to the entry area and breaks below, exit all positions.

Market data shows that buy orders below 67,600 far exceed sell orders, indicating clear support from funds. The 1-hour RSI has fallen from 58 to a healthy zone, leaving room for another upward move. Combined with open interest not decreasing with the price correction, the main forces are continuing to defend the market. This pullback appears to be a preparation for the next rally. The risk-reward ratio is relatively reasonable under the current structure.

Check real-time market 👇 $BTCUSDT
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