#GateSquare$50KRedPacketGiveaway 【$BTC Signal】Hold cash and wait — wait for key support confirmation

$BTC entered a weak consolidation after breaking below EMA20, with prices hovering near a critical liquidity zone, intensifying the bulls and bears battle.
🎯 Direction: Hold cash
Market analysis: The 4H chart shows prices oscillating between 65,000 and 67,000. The latest candlestick indicates weak buying pressure (buy/sell ratio 0.54). Depth imbalance reaches 22.6%, and the bid/ask ratio (1.58) suggests institutional support below, but the price has not effectively reclaimed above EMA20 (67,391), indicating insufficient bullish momentum.
Core logic: RSI (39.8) is in the weak zone but not oversold, ATR (1364) shows volatility remains high. Open interest (OI) remains stable, funding rate is slightly positive (0.0007%), with no typical signals of short squeeze or main force distribution (OI decreasing + high funding rate).
Contradiction: The daily trend is downward (daily highs decreasing), but on the 4H chart, a potential double bottom pattern is forming above the previous low of 65,177. The current price (66,178) is close to the deep buy order cluster, but the EMA20 above forms a strong resistance. Market logic suggests “price decline,” but data does not support a continuation of a one-sided trend.
Trading plan: Wait for price action to give a clear direction. Long positions require a volume breakout and stabilization above 67,390 (EMA20) to confirm trend reversal. Short positions require a valid break below the key support of 65,177, with OI starting to decline. Currently, neither condition is met, making this a low-probability chaotic zone. Strictly adhere to risk management — hold cash and wait.
Trade here 👇 $BTC
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