[$BTC Signal] Flat position + Downtrend continuation pattern
$BTC enters a downtrend consolidation after breaking below key support. 4H level buying momentum is weak, and Taker sell pressure persists. Open interest remains stable while prices decline, indicating that longs are passively holding positions rather than major players accumulating. Negative funding rates have failed to attract effective buying, and market logic leans toward weak consolidation after long liquidations.
🎯 Direction: Flat position
Wait for a valid rebound to the 69,800-70,500 resistance zone and a sign of stagnation, or consider entering short positions only after a decisive volume drop below 68,000. Currently, the price is in disorderly consolidation, with unclear risk-reward ratio, so it’s best to stay on the sidelines.
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[$BTC Signal] Flat position + Downtrend continuation pattern
$BTC enters a downtrend consolidation after breaking below key support. 4H level buying momentum is weak, and Taker sell pressure persists. Open interest remains stable while prices decline, indicating that longs are passively holding positions rather than major players accumulating. Negative funding rates have failed to attract effective buying, and market logic leans toward weak consolidation after long liquidations.
🎯 Direction: Flat position
Wait for a valid rebound to the 69,800-70,500 resistance zone and a sign of stagnation, or consider entering short positions only after a decisive volume drop below 68,000. Currently, the price is in disorderly consolidation, with unclear risk-reward ratio, so it’s best to stay on the sidelines.
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