【$BTC Signal】Hold Cash + Wait for Key Support Confirmation

$BTC Accelerated downward movement after breaking below EMA20, currently testing the 67,000 key psychological level. The market shows disorderly selling, but deep imbalance indicates institutional buy orders are absorbing the sell-off.

🎯Direction: Hold Cash (NoPosition)

【Market Analysis】

Four-hour candles have closed lower consecutively, with the price breaking below EMA20 (69032) and moving away, indicating a short-term weakening trend. The last 4H candlestick's buy/sell ratio is 0.67, showing some bottom-fishing activity amid insufficient volume.

【Logical Core】

1. Data Contradiction: Funding rate is -0.0084%, negative, but open interest (OI) remains stable, not typical short squeeze or main force distribution. This looks more like long leverage liquidation.

2. Key Support: On the daily chart, 67,000 is the upper boundary of a previous dense trading zone and the Fibonacci 0.382 retracement level (around 66,800), forming a resonance zone.

3. Order Book Signal: Imbalance reaches as high as 81.04%, with buy-side depth significantly thicker than sell-side (bid/ask ratio: 9.55), indicating a large number of limit buy orders below 67,000, with clear institutional support.

4. Risk Points: RSI (37.13) has not entered oversold territory, ATR (1335) shows increased volatility, making bottom-fishing risky and prone to trapping.

【Trading Plan】

Current price is near a critical support zone but lacks clear reversal candlestick patterns (such as Pin Bar, Engulfing Bullish) and volume-price confirmation.

Strategy: Wait for buy absorption signals on the 1H/4H timeframe (increased volume bullish candles + OI rebound) in the 66,500-67,000 range before considering long positions. If volume increases and breaks below 66,500, target the 65,000 level (previous low and EMA50 support).

Risk Management Core: Better to miss opportunities than to make mistakes. Until the trend clarifies, staying in cash is the best choice.

Trade here 👇 $BTC

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