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$BTC Signal】Pullback to accumulate for rebound, 1H oversold zone brewing for a counterattack
$BTC The 1H timeframe has experienced a waterfall decline, entering an oversold zone (RSI 29.9) and beginning to consolidate sideways. This is a typical recovery pattern after a sharp drop. Although the 4H trend is still bearish, the latest candle closed with a long lower shadow, and open interest (OI) remains stable, indicating that it’s not major selling by the main force but rather a liquidation of long leverage. There is a technical rebound demand on the 1H timeframe.
🎯Direction: Go Long (Long)
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