【$BTC Signal】1H Oversold Rebound Trading, Watch for Key Resistance Breakout

$BTC The 1H timeframe is forming a short-term base around 65,500, RSI is approaching oversold territory, and the 4H timeframe remains in a downtrend. However, there are signs of a bottoming out on the 1H chart, presenting a short-term opportunity for a rebound. Open interest remains stable with no signs of panic selling, indicating that the main players may be supporting the market.

🎯Direction: Long (Long)

🎯Entry/Orders:

- Aggressive Entry at Current Price: $65600 - $65700 (Reason: 1H support at the lower boundary, betting on a rebound)

- Conservative Pullback Order: $65300 (Reason: Previous low support, better risk-reward ratio)

🛑Stop Loss: $64800 (Reason: Break below yesterday’s 4H low of 64,232, invalidating the rebound structure)

🚀Target 1: $66500 (Reason: 1H EMA20 and previous minor high resistance)

🚀Target 2: $67200 (Reason: Upper boundary of the 4H downtrend channel and previous platform resistance)

🛡️Trade Management:

- Position Size: Light (Reason: 4H trend is still bearish, this is a counter-trend rebound)

- Execution Strategy: When price reaches $66,500, reduce position by 50% and move stop loss to entry price. The remaining position aims for a target of $67,200. If price encounters resistance at $66,500 and falls back below the entry price, exit all positions.

Deep Logic: 1H RSI (39.84) is in the oversold zone, indicating a rebound demand. The order book shows a buy wall at ($65,620.3) supporting 4.392 BTC, and a sell wall at ($65,620.4) with 9.23 BTC. There is intense competition between bulls and bears near the current price. Although the 4H chart is in a downtrend, open interest remains stable, indicating no one-sided selling pressure. The key is whether the price can quickly recover above 1H EMA20 ($66,126) to confirm the strength of the rebound.

View real-time market 👇 (
---

Follow me: Get more real-time analysis and insights on the crypto market! )$BTC
$BTC
‍$ETH $SOL