We study electronic ordering instabilities of twisted bilayer graphene with $n=2$ electrons per supercell, where correlated insulator state and superconductivity are recently observed. Motivated by the Fermi surface nesting and the proximity to Van Hove singularity, we introduce a hot-spot model to study the effect of various electron interactions systematically. Using renormalization group method, we find $d$/$p$-wave superconductivity and charge/spin density wave emerge as the two types of leading instabilities driven by Coulomb repulsion. The density wave state has a gapped energy spectrum at $n=2$ and yields a single doubly-degenerate pocket upon doping to $n>2$. The intertwinement of density wave and superconductivity and the quasiparticle spectrum in the density wave state are consistent with experimental observations.
Categories: cond-mat.str-el cond-mat.supr-con