【$BTC Signal】Hold a neutral stance — Weak rebound, waiting for key structure confirmation

$BTC On the 4-hour timeframe, showing a weak rebound, the price is suppressed below EMA20 (68204), still in a consolidation phase within a downtrend channel.

🎯Direction: No Position (NoPosition)

Market analysis: The price is oscillating narrowly between 67000 and 67600, with trading volume significantly shrinking. The latest 4-hour candlestick shows a buy ratio of only 0.45, indicating very weak active buying interest. Depth imbalance is at 47.15%, with buy orders dominating, suggesting support below but lacking upward momentum.

Core logic: RSI (41.38) is in a weak zone, not yet oversold. ATR (1331) indicates high volatility, with a large risk of erratic spikes. Open interest remains stable, but funding rate is positive (0.0035%), indicating no short squeeze structure or major inflow of funds for long positions.

The current price is below the 0.382 Fibonacci retracement level of the previous decline (around 67500), which is a key resistance. Until the price breaks above this level with increasing open interest, any rebound should be considered weak. The main risk management focus is to avoid entering too early during low volatility and low buying interest oscillations. Wait for the price to choose a direction: either break through 68000 with volume and stabilize above EMA20, or retest lower liquidity levels (such as 65800) to form a clearer structure.

Trade here: 👇 $BTC

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