【$BTC Signal】Pullback Long + 1H Retest Confirmation, Major Support Evident

$BTC 1H timeframe after testing EMA20 support following a spike and pullback, price found buying support in the 71500-71800 zone, forming a short-term consolidation platform. The 4H timeframe remains within an uptrend channel, trend intact, current pullback can be viewed as a healthy correction. Order book data shows significantly thick buy-side depth, open positions remain stable, and price holds firm under negative funding rates, suggesting short squeezee risks.

🎯 Direction: Long

⚡ Entry/Pending Order: 71281 - 71309

🛑 Stop Loss: 69535

🚀 Target 1: 74774

🚀 Target 2: 76520

🛡 ️Trade Management:

- Execution Strategy: Upon reaching Target 1, reduce position by 50% to lock in profits, and move stop loss of remaining position to entry price. If price fails to advance as expected and instead falls back to entry zone, exit decisively and observe.

Deep Logic: Although 1-hour RSI is in neutral territory, price shows resilience at key support levels. Over the past few hours, market open positions have remained stable as price rose, not purely driven by shorts covering, suggesting new long capital entering. Current price is close to 1-hour EMA20, making this an ideal low-risk pullback entry opportunity. Dense buy orders below provide a cushion for price.

View Live Chart 👇 $BTC

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