【$BTC Signal】Hold Cash and Watch — Key Support Test, Awaiting Direction Confirmation

$BTC On the 4H timeframe, testing below EMA20 (69357), the price repeatedly oscillates around the key support zone of 68100-68300. Deep imbalance of -19.15% indicates selling pressure, but buying accumulation exists near 68100.

🎯Direction: Hold Cash (NoPosition)

The current market shows intense battle between bulls and bears. The price has broken below EMA20 and open interest remains stable, with a slightly negative funding rate, indicating market sentiment is cautious and bullish leverage has cooled down. The 4H candlestick shows buying absorption at the key support level (previous low area), but the rebound strength is insufficient, with RSI at 41.6, in a neutral to weak zone.

The core logic is: the price is testing the daily support turn point (around 68000-68200), which is the previous upward OrderBlock. If the price can rebound with volume and hold above EMA20, combined with rising open interest, it signals a healthy restart of the bullish trend. Conversely, if volume increases and the price breaks below 67800 (previous low), a deeper correction may be triggered.

Current win rate is low; the best strategy is to hold cash and wait for the price to make a clear directional move at key levels. Avoid forcing trades in oscillations dominated by deep imbalance and no clear buying support.

Trade here 👇 $BTC

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