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【$BTC】Flat position, waiting for selling pressure exhaustion and fund absorption confirmation
$BTC 4-hour level volume breakdown below 71000 key support level, buy-side absorption is clearly insufficient, but current price has approached the 69000-69500 previous dense trading zone, bearish momentum is weakening somewhat. The market appears panicked, but the order book thickness below is still reasonable, with funds attempting exploratory support. Chasing shorts at current levels carries greater risk than reward; patiently waiting for failed rebounds or stabilization signals is more prudent.
🎯 Direction: Flat position🛡️ Strategy: Take profits when available, secure gains.⚡ Entry: If rebound to 70200-70500 zone fails to break through, can attempt shorting; or wait for volume breakdown below 69000 then chase shorts.🚀 Target: First target 67500 after breakdown, second target 66000.🛑 Stop loss: Effective level holding above 71000, bearish logic invalidated.
View real-time charts 👇 $BTC
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