【$BTC Signal】Empty position + wait for key support confirmation

$BTC Continues to weaken and fluctuate after breaking below EMA20 (~69731), with price action showing consolidation after a decline but lacking clear bottom reversal signals.

🎯 Direction: Empty position

Market analysis: 4H candles have been closing bearish consecutively, with the price falling from the high of 71085 to around 69235. Although the latest 4H candlestick shows buy volume ratio rising to 0.54, overall trading volume has shrunk, indicating a weak rebound in a downtrend.

Hardcore logic: The key contradiction lies in the data. The funding rate is -0.0088%, a negative value, but open interest (OI) trend remains “Stable,” not significantly increasing with the price decline. This negates typical short squeeze logic and suggests a mild liquidation of long leverage.

RSI (46.11) is in a neutral to weak zone, not oversold, leaving room for further downside. ATR is as high as 1390, indicating high market volatility, and blindly bottom-fishing carries great risk. The price has broken below the daily EMA20, signaling a short-term downtrend.

Core strategy: Wait for the price to show clear signs of bottoming at key support levels (such as previous lows around 67883 or below the daily EMA50 ~72190), like long lower shadows or bullish engulfing patterns, and confirm with rising OI and positive funding rates before considering a left-side entry. Currently, there is no high-probability setup, so stay on the sidelines.

Trade here 👇 $BTC

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