【$BTC Signal】Hold cash + wait for key support confirmation

$BTC is testing previous low support after breaking below EMA20, with the market showing weak consolidation.

🎯 Direction: Hold cash

Market analysis: Price has broken below the key trend line at EMA20 (68885), with four-hour candles closing bearish, RSI (40) entering the weak zone but not oversold. The depth imbalance is as high as 79.19%, with buy-side depth significantly thicker than sell-side, indicating institutional support below.

Hardcore logic: Current open interest (OI) remains stable, funding rate is slightly negative (-0.0028%), combined with deep buy-side order book, this is not main force distribution but more like long leverage liquidation. However, the price has not yet reached effective support (around previous low 66342), and EMA50 (71389) forms strong resistance above, making long entry risk-reward unfavorable.

Trading plan: Wait for the price to retest the key support zone at 66300-66500 (previous low + Fibonacci extension), observe for volume contraction and RSI bullish divergence. If a 4H pin bar or bullish engulfing appears in this area, and OI begins to rise, it signals a high-probability long entry. Currently, stay in cash to avoid left-side risk.

Trade here 👇 $BTC

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