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

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

🎯 Direction: Hold Cash (NoPosition)

【Market Analysis】

The 4H chart shows consecutive bearish candles, with the price breaking below EMA20 (69032) and moving away, indicating a short-term weakening trend. The last 4H candlestick has a buy/sell ratio of 0.67, showing some bottom-fishing interest during the decline, but volume is insufficient.

【Logical Core】

1. Data Contradiction: Funding rate at -0.0084% is negative, but open interest (OI) remains stable, not typical of short squeezes 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 coincides with the Fibonacci 0.382 retracement level (around 66,800), forming a resonance zone.

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

4. Risk Points: RSI (37.13) has not entered oversold territory, and ATR (1335) shows increased volatility. Bottom-fishing now could easily result in being trapped.

【Trading Plan】

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

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

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

Trade here 👇 (
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