【$BTCUSDT Signal】Breakdown and Rebound, Short Squeeze

$BTCUSDT The 4-hour chart has clearly broken below the EMA50 vital support, indicating a bearish trend structure. Although there is a slight rebound on the 1-hour chart, the price remains firmly below the EMA20, with the MACD histogram contracting, showing weakening rebound momentum. The order book shows deep sell-side pressure far exceeding buy-side, creating a severe imbalance. Every rally encounters heavy selling pressure.

🎯Direction: Short

⚡Entry: Short immediately near the current price of 66,425, or add to positions on a rebound to the 66,600-66,700 zone.

🛑Stop Loss: Above 67,292

🚀Target 1: 65,800

🚀Target 2: 64,800

🛡️Trade Management:
- Execution Strategy: After reaching the first target, move the stop loss down to the entry price to lock in profits. For the remaining position, watch for the second target. If a volume-increasing bullish candle appears on the 1-hour chart, exit early.

Position size remains stable, but the price continues to decline, indicating a typical weak consolidation with no new bullish funds entering. The 1-hour RSI hovers around 45, neither overbought nor oversold, suggesting a higher likelihood of a continuation of the decline. Negative funding rates imply dominant bearish sentiment but have not triggered a large-scale short squeeze. Market consensus leans bearish. In this environment, rebounds are just better entry points for shorts.

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