【$BTC Signal】Strong Breakout Long Position + 4H Level Short Squeeze

$BTC 1H Level Strong Rally, multiple resistance levels broken consecutively. Currently trading strongly above the 4H EMA20, with very strong momentum. The last 4H candlestick closed with a volume-driven bullish candle, indicating solid buying depth. Market logic suggests price increases accompanied by stable open interest, which looks more like institutional entry rather than pure short covering. 1H RSI is as high as 81.58, indicating overbought conditions, but in this type of short squeeze, overbought may persist.

🎯Direction: Long (Long)

🎯Entry/Order: Enter at the current price around 68615, or wait for a slight pullback to the 68400-68500 range to enter in batches.

🛑Stop Loss: 68000 (Break below the previous 1H candle low and psychological level)

🚀Target 1: 69500 (Previous high resistance area)

🚀Target 2: 70500 (Previous weekly support level on the daily chart)

🛡️Trade Management:

- Position: Standard size. Aggressive traders can split into two batches: one at the current price, the second on a pullback.

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks through 69500 and stabilizes, move the remaining stop loss to 69000 and continue towards Target 2.

(Depth Logic: The 4H timeframe has formed a bullish engulfing pattern. Price has surged nearly 7% from the 64000 area. Open interest remains stable rather than decreasing, indicating that the dominant force is not short covering but new long capital entering. Negative funding rates suggest shorts are still present, fueling the potential short squeeze. The bid-ask spread is minimal, but there is a significant sell wall above 68615.2 (1.003 BTC). Once broken, this could trigger a rapid upward move. )

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