【$BTC Signal】High-level consolidation with signs of distribution emerging on the left side

$BTC After a surge on the 1H timeframe, buying volume breaks down, and the 4-hour candlestick continuously forms long upper shadows. Market depth shows sell walls stacking above 71,500, with active buying power weakening. MACD 1H histogram turns negative, diverging from the new high in price.

🎯Direction: Wait and see, prepare to buy on pullback or confirm a breakout

⚡Entry/Order: Long positions lurking in the 70,660-70,900 range

🛑Stop loss: 70,430

🚀Target 1: 71,660

🚀Target 2: 71,990

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Position remains stable but price momentum is weak, a typical sign of capital support without follow-through. The 1-hour RSI hovers around 57, lacking upward momentum. The 4-hour Bollinger upper band at 72,685 presents strong resistance, with the current price between the upper and middle bands, narrowing in consolidation. The risk-reward ratio is currently unfavorable; better odds require a pullback near the EMA20. The area between 70,600-70,900 is a previous dense trading zone, and market participation here needs observation.

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