【$BTC Signal】Pullback to confirm support at 4H structure

$BTC 1H EMA20 (71061) failed to hold, price dropped to around 70780. The 4H Bollinger middle band (70230) and daily EMA20 (70236) form a resonance support zone, with buy orders clearly accumulating below 70780, quickly absorbing selling pressure. MACD 1H histogram expands in negative territory, but the 4H timeframe remains in the upper half of the upward channel, structure intact.

🎯Direction: Long

⚡Entry/Order: 70440 - 70780

🛑Stop Loss: 69300

🚀Target 1: 72700

🚀Target 2: 73830

🛡️Trade Management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.

Order book data reveals key information: Sell wall above 70781.5 at 9.34 BTC, forming a short-term resistance wall, but buy orders below the bid are also dense. This depth imbalance usually indicates a quick liquidity test. Open interest remains stable, funding rate is slightly negative, and bears have not formed a crushing force. The current risk-reward ratio is close to 2:1, with a game of a rebound in the key moving average convergence zone, offering a favorable odds.

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