【$BTC Signal】Rebound to short, testing the lower support

$BTC The 1H timeframe bearish momentum continues to release, and the price is suppressed below the middle band of the 4H Bollinger. MACD double-cycle indicators are both expanding in a bearish trend, and the 1H RSI has fallen to 36.36, indicating short-term selling pressure has not yet exhausted. The order book depth imbalance reaches 61.54%, with weak buy support. The 4H candles are consecutively closing bearish, showing insufficient buying willingness, and the price needs further testing of lower support levels.

The current price is around 74,800, with high risk in directly shorting at this level. It is recommended to place a short order near 75,036, which is the resonance pressure zone of the 1H EMA20 and the middle Bollinger band.

🛑Place the stop loss above 75,580, above the 1H EMA50 moving average.

🚀The first target is 78,008, which is the upper band of the 4H Bollinger and the previous structural high area.

🚀The second target is 79,493, serving as a potential resistance level for trend extension.

🛡️Trading management:
- Execution strategy: After reaching target 1, reduce half of the position, and move the remaining stop loss to the entry price. If the price cannot effectively break below 74,000 and rebounds quickly, consider exiting early.

Funding rate has turned negative to -0.011%, but open interest remains stable, with no signs of short covering triggering a short squeeze. The 1-hour level is dominated by sell orders, with significantly insufficient buy depth, and the rebound is weak. In this environment, a rebound is an opportunity to add positions, with a risk-reward ratio close to 2, making it worth a try.

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