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$BTC Signal】1H Retest Confirmation, Multi-Timeframe Resonance Suggests Rebound
$BTC 1H level obtained support near EMA20, price stabilized after repeated tests in the 70500-71000 range, forming a small double bottom structure at the hourly level. Although 4H level is in consolidation, price remains solidly above EMA50, trend intact. Open interest remains stable with no panic selling, combined with negative funding rates, short squeeze risk is accumulating.
🎯Direction: Long
⚡Entry/Pending Orders: 70695 - 71050 (Build positions in batches near current price)
🛑Stop Loss: 69563
🚀Target 1: 729