BTC/USDT 1H: Bullish Breakout Retest – Targeting 
89K?
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Current Market Structure (Confidence Level: 8/10):
Trade Setup:
Risk Score:
Market Maker Activity:
Volume profile supports bullish continuation, with Smart Money positioning for another leg up.
Recommendation:
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Current Market Structure (Confidence Level: 8/10):
- Bullish trend confirmed after breaking the Fair Value Gap (FVG) at $83,200.
- RSI shows strong momentum, with a bullish divergence from recent lows, supporting further upside.
- Accumulation phase evident between $77K - $78K, confirming institutional positioning.
- Multiple bullish order blocks formed, reinforcing higher-low structure.
- RSI confirms institutional buying pressure, with momentum favoring continuation.
Trade Setup:
- Entry: $83,200 - $83,400 (current retest of breakout).
- Targets:
- T1: $86,400 (previous high).
- T2: $89,000 (major resistance).
- Stop Loss: $82,000 (below recent swing low).
Risk Score:
- 7/10 – Favorable risk-to-reward, but market volatility must be considered.
- Key Levels:
- Support: $82,000, $80,500.
- Resistance: $86,400, $89,000.
Market Maker Activity:
- Currently engineering a liquidity grab above $84K, likely before a continued move higher.
Volume profile supports bullish continuation, with Smart Money positioning for another leg up.
Recommendation:
- Long positions remain favorable on the $83,200 - $83,400 retest.
- Watch for price reaction at $84K, as liquidity may be grabbed before a strong move to targets.
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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.