BTC/USDT 1H: Bulls Aim for $106.8k After Key Recovery !
BTC/USDT 1H Chart Analysis
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Current Market Structure:
Smart Money Activity:
Key Levels:
Risk Score:
Market Maker Intent:
Recommendation:
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Current Market Structure:
- Bullish recovery underway after a liquidity sweep at 98.4k.
- Hidden Bullish Divergence: Higher lows on RSI while price made lower lows, indicating potential for further upside.
Smart Money Activity:
- Accumulation phase appears complete.
- Market now transitioning to markup phase with strong institutional buying evident.
Key Levels:
- Entry Zone: 101.8k-102.2k
- Targets:
- T1: 104.4k
- T2: 106.8k
- Stop Loss: Below 98.2k (recent sweep).
Risk Score:
- 7.5/10 (favorable R:R with clear invalidation).
Market Maker Intent:
- Previous distribution attempt at 104.4k failed, suggesting a move to target liquidity near prior highs.
- Volume profile supports the bullish narrative, with strong accumulation complete.
Recommendation:
- Long positions are favorable within the 101.8k-102.2k range.
- Maintain tight stops below 98.2k to limit downside risk.
- Monitor price action near 104.4k for potential resistance.
- Confidence Level: 8/10 for bullish continuation.
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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.