【$BTC Signal】Flat position + Deep imbalance waiting for confirmation of direction

$BTC is oscillating below the 4H EMA20 (68071), with price action indicating a consolidation after a failed breakout. The deep imbalance reaches as high as -95.73%, and the sell wall (8.979 BTC @ 67113.5) is significantly thicker than the buy wall, indicating heavy selling pressure above and that institutions have no intention of actively accumulating or pushing the price higher at this level.

Although the funding rate is negative (-0.0017%), the open interest (OI) trend remains stable, with no signs of short squeeze conditions that require rising OI combined with negative funding. Meanwhile, RSI (42.14) is in a neutral to weak zone, with no oversold divergence signals. The price has failed to hold above the previous high (68385), forming a resistance zone, and bullish momentum is insufficient.

The current market is in a chaotic phase of bulls and bears fighting. Deep data reveals a seller-dominated order book structure, but there has been no panic sell-off, indicating a weak equilibrium. Until the price effectively breaks above EMA20 and buy depth recovers, high-probability long entries are not justified; additionally, the absence of main force covering longs (OI decreasing) combined with extremely high funding rates provides no basis for short positions.

🎯Direction: Flat position

Risk control core: Current win rate is insufficient, key signals are missing. Prefer to avoid trading in ambiguous zones, and wait for the price to break above 67100 (accumulation) with a solid candle or fall below 66640 (previous low) to confirm the next phase of direction.

Trade here 👇 $BTC

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