【$BTC Signal】No Position, Waiting for Key Support Confirmation

$BTC continues to weaken after breaking below EMA20, with the price testing a critical liquidity zone around 67400. The 4H buy-side strength is steadily decreasing (Buy/Sell Ratio down to 0.45), but the depth imbalance remains high at 91.62% (Bids far thicker than Asks), indicating institutional support below.

The key contradiction is that the funding rate has turned negative (-0.0085%) and open interest (OI) remains stable, ruling out the possibility of major players unloading. It appears more like a long leverage washout. However, the price has already broken below EMA20 (69284) and moved away, with RSI (38.5) indicating oversold conditions without divergence. Currently, there is no clear bullish signal on the right side.

🎯 Direction: No Position

The market is in a chaotic transition phase between bullish and bearish. The price needs to regain above EMA20 and see OI increase to confirm trend recovery. Strong support levels are at previous lows (66500-67000) and below the daily EMA50 (71736). The best current strategy is to wait and see, looking for clear signs of stabilization at key support levels (such as 66500) — like long lower shadows + buy ratio rebound — or a volume breakout above EMA20 before entering. Risk management core principle: Better to miss out than to make mistakes.

Trade 👇 $BTC

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