【$BTC Signal】Bull-Bear Tug-of-War, Waiting for Direction Confirmation on 1H Chart, Placing Orders for Breakout

$BTC The 1H chart shows narrow fluctuations between EMA20 (69325) and EMA50 (68577), with price converging, indicating a potential trend reversal. The 4H chart shows a long upper shadow followed by a pullback; currently, the price is stable above the 4H EMA20 (68540), but the 70500 zone above presents strong resistance. Open interest remains stable, with buy order depth (95.46%) significantly stronger than sell orders, indicating strong support below.
🎯 Direction: Watch and wait (Place orders)
⚡ Breakout Buy Orders: Price > 70000 (Reason: Breaks through recent 1H consolidation high and psychological level, confirming bullish momentum)
⚡ Pullback Buy Orders: Price < 69200 (Reason: Retraces to 1H EMA20 support and 4H EMA20 resonance zone, testing support validity)
🛑 Stop Loss: 68500 (Reason: Break below key 4H EMA20 support and recent swing low)
🚀 Target 1: 71000 (Reason: Previous high resistance zone)
🚀 Target 2: 72000 (Reason: 1.618 Fibonacci extension of the previous 4H rally)
🛡️ Trading Management:
- Position Suggestion: Light position (Reason: Direction is unclear, currently a breakout or pullback battle, higher risk)
- Execution Strategy: If any order is triggered and the price quickly rises to Target 1, reduce position by 50% and move stop-loss to entry price. Remaining position aims for Target 2. If no strong 10-minute candles form within 1 hour after entry, consider exiting early.
Order Book Logic: The current market shows a tug-of-war between bulls and bears. Positive signals include: 1) Strong buy order depth with large orders providing clear support; 2) 1H RSI (60.36) in a healthy, slightly bullish zone with room to rise. Risks include: 1) The 4H chart has just experienced a sharp rally, requiring time to digest profits; 2) Price is close to dense trading zones, which may lead to increased volatility. Strategy-wise, avoid chasing highs, use breakout and pullback orders to let the market choose direction, and follow accordingly.
Trade here 👇 $BTC
---
Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包