BTC/USDT 1H: Bulls Targeting $107K After Key Accumulation
BTC/USDT 1H Chart Analysis
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Current Price: $105,200
Market Structure:
Key Levels:
Technical Highlights:
Trade Setup (Confidence Level: 8/10):
Market Maker Activity:
Recommendation:
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Current Price: $105,200
Market Structure:
- Bullish consolidation with higher lows forming.
- RSI: 56.9, signaling neutral momentum and room for upside.
Key Levels:
- Support: $104,000 (equilibrium zone provides strong support).
- Resistance: $107,000 (premium zone).
Technical Highlights:
- Hidden Bullish Divergence: Present on RSI vs. price action from Jan 23-24, supporting continuation.
- Smart Money Activity: Accumulation pattern evident, with tight ranges indicating institutional buying.
Trade Setup (Confidence Level: 8/10):
- Entry Zone: $105,200 (current price).
- Targets:
- T1: $106,500
- T2: $107,000
- Stop Loss: Below $103,800 (recent swing low).
- Risk Score: 7/10 (favorable R:R with clear invalidation).
Market Maker Activity:
- Accumulation phase visible, likely positioning for the next leg up.
- Volume profile supports the bullish thesis, with liquidity targeting above $107,000.
Recommendation:
- Long position preferred at current levels.
- Monitor for volume confirmation on a break toward $106,500-$107,000.
- Confidence Level: 8/10 for bullish continuation.
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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.