【$BTC Signal】1H Oversold Rebound Trading, Watch for Key Resistance Breakout

$BTC The 1H timeframe shows signs of stabilization around 65600-66000, with RSI(1H) reaching 36.6 in the oversold zone before bouncing back. The current price is testing the 1H EMA20(67015) resistance. The 4H timeframe remains in a sideways downtrend, but the latest 4H candlestick shows a long lower shadow, indicating strong buying support below. Open interest remains stable, with the price declining but not triggering large-scale liquidations, suggesting it’s not major players offloading but rather a passive shakeout of bulls. Market depth shows buy orders significantly outnumber sell orders, with a 60% imbalance, providing strong support below.

🎯 Direction: Long (Rebound Trading)

🎯 Entry/Orders: Light positions around the current price of 66150-66300, or wait for a strong breakout above 66800 to go long.

🛑 Stop Loss: Strictly below 65500 (previous low support).

🚀 Target 1: 67200 (1H EMA50 and previous minor resistance).

🚀 Target 2: 67800-68100 (previous high on 4H and start of decline).

🛡️ Trading Management:

- Position Size: Light (no more than 2% of total funds).

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the remaining stop loss to the entry price (break-even). If the price fails to break 66800 and drops below 66000 again, consider exiting early.

Depth Logic: Price rapidly dropped from 68100 to 65600. The 1H RSI shows a potential bullish divergence, indicating short-term bearish momentum is weakening. Negative funding rates suggest bearish sentiment, but open interest remains stable and buy orders are deep, indicating potential for a short squeeze. The key point is whether the price can hold above the 1H EMA20 and recover above 66800, which is a short-term support/resistance level. A breakout here could quickly test the 67500 area.

View real-time market 👇 $BTC

---

Follow me: Get more real-time crypto market analysis and insights!