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Short Title: [$BTC Signal] Rebound Game After Short Pressure
$BTC price dropped rapidly from 73,000 to 69,400, during which buying pressure was significantly suppressed (buy/sell ratio dropped to 0.37 at one point), but then showed clear resistance below the 70,000 level, with price quickly pulled back above 70,500. This quick recovery after a sharp decline suggests the market is not in one-sided panic, with funds actively stepping in at key levels. From my experience, the first wave of rebound after such a "V-shaped" bottom often serves as the first test of short-selling forces, offering good risk/reward ratios worth testing with small positions.
🎯 Direction: Short-term rebound outlook. 🛑 Stop Loss: 68,733. Breaking below this level means failed support, and shorts will dominate the next market phase. ⚡ Entry: 69,885 - 70,021 zone. This is the lower end of previous dense trading area and also the hourly EMA50 resistance level; holding without breaking can be viewed as a second confirmation. 🚀 Targets: First target 75,171, second target 77,747. 🛡️ Strategy: Enter with light position, reduce position by half near the first target, move stop to break-even, and let the rest run for higher space.
View Live Chart 👇 $BTC
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