$BTC 1H level is in a significantly narrow range between 68300-69000, while the 4H level is in a weak rebound within a descending channel. The current price is closely below 1H EMA20 (68880), with bulls and bears repeatedly battling here. OI is stable, but the negative fee rate suggests a bearish sentiment, and the depth of buy orders on the order book is dominant (imbalance 18.63%), which is typical of the eve before a trend change. Don't guess the direction; let the market decide for itself, and we will set up a breakout order.
🎯 Direction: Wait-and-see (dual-direction orders)
⚡ Scenario 1: Breakout upwards to go long
🎯 Entry/Order: Buy Stop @ 69050 (Reason: Effective breakout of 1H EMA20 and the upper edge of the recent consolidation range)
🛑 Stop Loss: 68400 (Reason: Break below the previous low of the order and the consolidation structure)
🚀 Target 1: 69800 (Reason: Resistance at the previous high point of the 4H level rebound)
🚀 Target 2: 70500 (Reason: Resistance at the 4H level EMA50 moving average)
⚡ Scenario 2: Break downwards to go short
🎯 Entry/Order: Sell Stop @ 68100 (Reason: Break below the lower edge of the current 1H high transaction area and the intraday low)
🛑 Stop Loss: 68700 (Reason: Re-establish above the midline of the consolidation range)
🚀 Target 1: 67500 (Reason: Support area at the previous low)
🚀 Target 2: 66800 (Reason: Previous low structure at the daily level)
🛡️ Trade Management:
- Position Suggestion: Light position (Reason: Direction is unclear, belongs to breakout speculation, risk is higher)
- Execution Strategy: The two scenarios are mutually exclusive, only one will trigger. After triggering, if the price reaches Target 1, move the stop loss to the entry price to break even. If the price quickly reverses and hits the stop loss, then abandon the other directional order and reassess.
Deep Logic: Market logic suggests a price drop, but OI is stable rather than surging, which seems more like passive stop-loss by bulls rather than active selling by the main force. 1H RSI (37.89) is in a neutral weak area with a rebound demand. The key is whether 69050 can break with volume or if 68100 will effectively fail. Buy orders are piling up, but selling pressure above is also heavy, waiting for one side's strength to exhaust.
Trade here 👇
$BTC ---
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