Bitcoin
Long

BTC/USD 1-HOUR TIME FRAME CHART STRUCTURE

117
🔍 #Chart Structure Analysis

Trend Overview

Previous Trend: There is a visible bullish trend channel (Buy Pattern) before entering a consolidation phase.

Current Phase: The price is in a range-bound consolidation, marked by the oval-shaped zone labeled "Weekly movement area according to H1 candlestick."

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📈 Key Technical Zones

Support Levels

Support Double Bottom: Around the $107,000 - $108,000 area — a typical reversal pattern, suggesting possible bullish pressure.


Supply Zones (Resistance)

Supply 1 and 2: Marked near the tops of the range, acting as interim resistance within the consolidation.

🎯 Target Levels

#Target 1: $109,937.69

##Target 2: $111,038.84

###Target 3: $112,858.15

####Last Target: $116,281.32

Each target builds on a bullish breakout from the consolidation zone, implying a bullish forecast.


📌#Strategy Suggestion

Potential Entry: Upon confirmation of a breakout above the Supply 2 level and double bottom neckline.

Risk Management: Stop loss just below the recent support at $104,216.45.

Progressive Take Profits: Scale out at each target level to lock in gains.


🧠#Conclusion

The chart shows a structured, bullish bias in BTC on the 1-hour timeframe. If the double bottom plays out and price breaks above Supply 2, the staged target system provides a clear risk-reward plan.

Disclaimer

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