【$BTCUSDT】Watch the Order Book, Track Anomalies


$BTC Regular intraday volatility period. Buy orders are stacking around 70434.6 with 2 BTC, but sell orders at 70434.7 are much thicker at 2.5 BTC. The upside selling pressure is heavy as a mountain. The 4-hour MACD histogram is expanding, but the 1-hour MACD has turned into a bearish crossover. Short-cycle momentum divergence. Price is trapped between the Bollinger Band middle band and upper band. The risk-reward ratio at this position is indeed mediocre, and chasing highs has poor value.

Direction: Flat
Pending Orders: Consider taking longs when price retraces to the 69780-70100 zone, or try shorting when it rebounds above 71000.
Stop Loss: Long stop loss below 69500, short stop loss above 71300.
Target 1: Longs target 70750, shorts target 70200.
Target 2: Longs target 71080, shorts target 69780.
Trade Management: In this narrow range consolidation, either wait for a clear breakout direction, or place pending orders at the upper and lower edges of the range. In the middle position, watch more and move less.
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