【$BTC Signal】Empty Position Waiting for Key Support Confirmation

$BTC has formed consecutive bearish declines on the 4-hour chart, with the price breaking below previous lows and entering a critical demand zone. Market logic suggests a long squeeze or main force distribution. Combined with high open interest and still positive funding rates, there is a risk of further liquidation.

🎯 Direction: Empty Position

The current market shows persistent selling pressure, with the price repeatedly testing the 71,000-72,000 range. The 4-hour candlestick has not shown clear reversal patterns like a Pin Bar or bullish engulfing, and buy order depth is weak. Healthy reset requires seeing clear buy absorption and increased volume at key supports (such as the 70,000 psychological level); otherwise, downside risk remains. Patience is needed until price action provides a clear reversal signal or a breakdown confirmation.

Trade 👇 $BTC
here
---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#Gate广场创作者新春激励

#Is the current market bottoming out or just waiting and watching?