【$BTC Signal】Close positions + wait for key support confirmation

$BTC entered a weak consolidation after breaking below EMA20, with a deep imbalance of -89.26% indicating heavy sell wall pressure, but funding rate turned negative and OI remained stable, suggesting a short squeeze risk rather than main force distribution.

🎯 Direction: Close positions

Market analysis: The price has tested the 66500-67000 range repeatedly on the 4H timeframe, with weak signs of buy absorption. RSI at 39.78 is in the weak zone but not oversold, ATR is as high as 1375, indicating increased market volatility.

Core logic: The key contradiction is that the funding rate at -0.0014% + stable OI + falling price aligns with early-stage short squeeze characteristics. However, the depth chart shows a massive sell wall of over 10+ BTC above 67025, and EMA20 (68379) has turned into resistance.

Bull-bear game is clear: bears are trying to push the price down, but no large-scale long liquidation (OI stable) has occurred. The risk of chasing shorts here is very high, representing a "fish tail" pattern. Going long requires a strong recovery above EMA20 and eating through the sell wall, but current evidence is insufficient.

Trading plan: wait for two signals. 1. Strong bullish signal: price volume breakout above 68300 (EMA20) with rising OI. 2. Healthy pullback buy signal: price retraces to previous lows/liquidity zone (65500-66000) with decreasing volume + RSI divergence at the bottom. Currently, it’s best to stay on the sidelines.

Trade here 👇 $BTC

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