【$BTC Signal】No Position - Waiting for Entry — Key Support Test in Deep Imbalance
$BTC After breaking below EMA20, the price is testing the key support zone. Deep buy orders are imbalanced, but price action remains weak. Wait for a clear signal.
🎯Direction: No Position (NoPosition)
The price is near 68,700, facing strong support from deep buy orders (Bids account for 81.3%). However, the 4H chart shows continuous declines, and the buy/sell ratio remains below 0.5, indicating dominant selling pressure. Open interest is stable, and funding rates are slightly negative, ruling out short squeeze risk, but no signs of major players unloading. Currently, the market is at a critical point of bulls versus bears, with the price between the previous low (68,373) and EMA20 (69,965). The trend is unclear.
Strategy: Wait for the price to react to the 68,700–68,373 support zone. If volume breaks below 68,373 (previous low + ATR lower band), the logic fails and a bearish move is confirmed. If a strong bullish candle recovers above 69,500 (4H structure high) with increased buy/sell ratio, it indicates successful bull defense. Currently, profit/loss ratio is uncertain, and win rate is insufficient. Staying out of the market is best.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$BTC Signal】No Position - Waiting for Entry — Key Support Test in Deep Imbalance
$BTC After breaking below EMA20, the price is testing the key support zone. Deep buy orders are imbalanced, but price action remains weak. Wait for a clear signal.
🎯Direction: No Position (NoPosition)
The price is near 68,700, facing strong support from deep buy orders (Bids account for 81.3%). However, the 4H chart shows continuous declines, and the buy/sell ratio remains below 0.5, indicating dominant selling pressure. Open interest is stable, and funding rates are slightly negative, ruling out short squeeze risk, but no signs of major players unloading. Currently, the market is at a critical point of bulls versus bears, with the price between the previous low (68,373) and EMA20 (69,965). The trend is unclear.
Strategy: Wait for the price to react to the 68,700–68,373 support zone. If volume breaks below 68,373 (previous low + ATR lower band), the logic fails and a bearish move is confirmed. If a strong bullish candle recovers above 69,500 (4H structure high) with increased buy/sell ratio, it indicates successful bull defense. Currently, profit/loss ratio is uncertain, and win rate is insufficient. Staying out of the market is best.
Trade here 👇 $BTC
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL