【$BTC Signal】Pullback to buy; 1H-level EMA20 support confirmed

$BTC 1H timeframe price pulled back to EMA20 (68995) and received initial support; the 4H timeframe price has already stood above the upper Bollinger Band. The MACD histogram is still expanding, but the 1H MACD fast and slow lines are showing a high-level bearish death cross, and short-term momentum has weakened somewhat. The order book depth shows buy and sell order volumes near 69597 are close, but there are thicker sell orders on the 69600 round-number level above, forming the first resistance.

🎯Direction: Long

⚡Entry/Place Orders: Pull back to the 68800-69000 area; buy in batches

🛑Stop Loss: 68200

🚀Target 1: 70440

🚀Target 2: 71340

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to the break-even level. If the price falls back to the entry level, exit automatically to protect principal.

4H-level position size remains stable, the funding rate stays low, and there has been no sign of excessive frenzy. The 1H RSI is near 69 and has not entered the extreme overbought zone, leaving room for further upside. The current risk-reward ratio is close to 2.4, which is within an acceptable range. The key is whether the price can complete the order-book “chip swap” above 68800 and digest short-term sell pressure.

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