BTC/USDT 1H: Bulls Gearing Up for $108.5K After Key Breakout!!
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 momentum developing after recent consolidation at 104.2K.
- RSI: 58, indicating room for further upside without overbought conditions.
- Breakout Confirmation: Previous resistance broken with strong volume.
Smart Money Activity:
- Liquidity Hunt Completed: Market makers swept 102K level before reversal.
- Accumulation Phase Evident: Smart money positioning for markup phase.
- Institutional Buying Pressure: Clear demand visible in price action.
Key Levels:
- Entry Zone: 104.2K - 104.5K
- Targets:
- T1: 106.2K
- T2: 108.5K
- Stop Loss: Below 102.8K
Risk Score:
- 7/10 (Moderate risk, favorable risk/reward setup).
Market Maker Intent:
- Accumulation nearly complete, setting up for a liquidity move.
- No significant bearish divergences present on RSI.
- Break above 106.2K would confirm bullish continuation.
Recommendation:
- Long positions favorable within 104.2K - 104.5K range.
- Monitor volume confirmation for breakout strength.
- Maintain tight stops below 102.8K for risk management.
- 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.