Bitcoin
Long
Updated

BTC/USD 1 HOUR CHART ANALYSIS

102
Market bullish in long term side .

🧠 Pattern & Structure

The chart shows a bullish breakout from a falling wedge or bullish flag pattern.
After the deep dip on June 22, BTC has been forming higher highs and higher lows, indicating trend reversal to the upside.
Price broke above a previous resistance zone (~$106,000–$107,000) and is now trading slightly above it — a bullish sign.

📊 Key Zones

Resistance Zone:
~$106,500–$107,000
Recently broken, now acting as support (breakout retest zone).

Support Area:
~$104,000–$105,500
Previously held strong during consolidation.

📌 Trade Setup

Entry: Around ~$107,500
Entry is placed just above the breakout structure.
Stop Loss: ~$106,000
Below recent swing low & just below breakout zone for risk control.
Final Target: ~$109,600
Projected using measured move or previous highs; aligns with bullish continuation.



Trade closed: target reached
market is gambling with us but market is 50% in our favour.

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