#Gate蓝龙虾重磅上线 【$BTC Signal】Pullback to go long! 1H retracing EMA50 support, main force defending the market under negative funding rate

$BTC The 1H timeframe is currently retracing the key EMA50 support, with price consolidating around 69400 with decreasing volume. The 4H timeframe is in a high-level oscillation, but open interest remains stable. The negative funding rate indicates that bears need to pay a cost, which is a typical sign of a short squeeze. The 1-hour RSI is approaching oversold territory, with buy orders far exceeding sell orders. The main force is clearly defending from below.

🎯Direction: Long

⚡Entry/Order: 69138 - 69780

🛑Stop Loss: 68044

🚀Target 1: 71324

🚀Target 2: 72417

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. Hold the remaining position for Target 2. If the price pulls back and breaks the moving stop loss, exit all positions.

Order book logic: The current price is falling but open interest remains stable, indicating it’s not mainly a dump by the main force but more like a shakeout caused by long liquidation. The 1-hour candlestick is supported at EMA50 (69433), with buy order depth at 64.5%. A large number of buy orders are stacked in the 69200-69400 range below. Negative funding rates persist, increasing the cost for short positions. A rebound could easily trigger a short squeeze. The 4-hour timeframe is still in an upward channel, making this retracement an excellent short-term long entry opportunity.

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