The chart you've shared for BTC/USD (1H timeframe) indicates a bullish outlook based on the following elements:
Ascending Channels: Price moved within two rising channels, suggesting a bullish momentum.
Support Zone: Marked by arrows, previous bounces suggest strong support near 102,200–102,300.
Breakout and Pullback: Price appears to be forming a higher low, potentially preparing for the next upward leg.
Target Area: Marked around 105,630 (TP target).
Summary:
Entry (Buy Zone): Around 103,200–103,300.
Stop Loss (SL): Below 102,200 (conservative stop).
Take Profit (TP): 105,630 (as marked on chart).
Risk-to-Reward Ratio: Approximately 1:2 or better.
Ascending Channels: Price moved within two rising channels, suggesting a bullish momentum.
Support Zone: Marked by arrows, previous bounces suggest strong support near 102,200–102,300.
Breakout and Pullback: Price appears to be forming a higher low, potentially preparing for the next upward leg.
Target Area: Marked around 105,630 (TP target).
Summary:
Entry (Buy Zone): Around 103,200–103,300.
Stop Loss (SL): Below 102,200 (conservative stop).
Take Profit (TP): 105,630 (as marked on chart).
Risk-to-Reward Ratio: Approximately 1:2 or better.
Trade closed: target reached
TARGET HIT 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.