【$BTC】Short, 4H Divergence/Deep Imbalance/Selling Pressure Persists
$BTC The 4-hour MACD histogram continues to contract while price fails to make new highs, a typical sign of momentum exhaustion. Although buy-side depth is thick, it's concentrated below 69800. Sparse sell orders above yet price struggles to rally, indicating sustained active selling pressure. Open interest remains stable accompanied by negative funding rates, with short-side capital patiently positioning.
🎯Direction: Short🛡️Strategy: Batch take profits, guard against drawdowns⚡Entry: 69850 - 70100🚀Target: 68000🛑Stop Loss