【$BTCUSDT Signal】Bearish structure emerging, targeting failed rebounds

$BTCUSDT 1H rebound is clearly blocked around 66,700, with a severe imbalance in buy orders. The sell order volume is nearly three times that of buy orders. Although the 4-hour MACD histogram is expanding, the fast and slow lines are still below the zero line, indicating a weak rebound. Open interest remains stable, but the price lacks upward momentum—typical of funds supporting the price without pushing it higher.

🎯Direction: Short

⚡Entry/Order: 66,650 - 66,750

🛑Stop Loss: 66,870

🚀Target 1: 66,100

🚀Target 2: 65,700

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss down to the entry price. If the price directly breaks below 66,100, move the remaining stop loss down to 66,400 to aim for the second target.

The 1-hour RSI hovers around 50, lacking sustained upward momentum. More importantly, order book data shows a significant accumulation of sell orders above 66,570, while buy orders below are sparse. Once the 66,500 support level is broken, a chain reaction of selling could be triggered. The 4-hour price is suppressed below the middle band of the Bollinger Bands, still in a bearish channel. This pattern of volume contraction during rebounds and encountering resistance at key moving averages offers a risk-reward worth considering.

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