【$BTCUSDT】Key Level Breakout Battle


During the regular intraday volatility period, the price is stuck between the upper Bollinger Band and EMA50, with a clear gap in buy orders. Large traders are distributing on the left side, sell orders are stacking above 70783, and there is a 72% imbalance in market depth, indicating weak willingness for capital support. On the four-hour chart, there is volume-price divergence, open interest remains stable but the price momentum is weak, MACD histogram is contracting, and bullish momentum is fading.
The current price around 70780 suggests a direct short position, with a stop loss placed above 71250. The first target is 69500; once reached, reduce the position by half, with the remaining position targeting 68000. Push for a breakeven stop loss, aiming for a zero-risk trade.
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