【$BTC Signal】Long - 1H strong breakout, main capital supports the market, short squeeze trend begins

$BTC The 1H timeframe is consolidating strongly above the EMA20, just broke through the 69,000 level with increased volume, momentum is strong. A large bullish candle on the 4H chart has directly reversed the downward trend, with the price above EMA20, shifting the trend from weak to strong. Currently, negative funding rates combined with rising prices indicate a typical short squeeze structure is forming.

🎯Direction: Long (Long)

🎯Entry: $68880 - $68950 (Reason: Breakout on the 1H timeframe followed by a pullback confirmation, EMA20_1H dynamic support )

🛑Stop Loss: $68300 (Reason: Break below previous 1H candle low and 4H EMA20 support )

🚀Target 1: $69500 (Reason: Previous high resistance level, also an intraday high )

🚀Target 2: $70200 (Reason: 4H previous high and EMA50 resistance zone )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 1H/4H resonance breakout, clear signals )

- Execution strategy: After price reaches $69,500, reduce position by 50% and move stop loss to entry point at $68,900. Remaining position aims for a target of $70,200. If the price retraces to the entry zone without breaking below, consider adding to the position.

Deep logic: Over the past 4 hours, open interest remains stable, and the price has surged without decreasing holdings, indicating it’s not just a short covering but new long capital is entering. The 1H RSI is at 69, leaving room for further upside. Market depth shows buy orders accumulating around $68,870 (7.16 BTC), providing strong support. In a negative funding rate environment, the price remains resilient, a classic sign of a short squeeze, with main players clearly supporting the market.

Trade here 👇 $BTC

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