BTC/USDT 1H: Bullish Momentum Unleashed – $105K Next?BTC/USDT 1H Chart Analysis
🚀 Follow me on TradingView if you respect our charts! 📈Daily updates!
Current Market Structure:
Price at $102,034 showing bullish momentum after breaking premium zone.
RSI at 68.53, confirming strong momentum but not overbought yet.
Volume confirmation on breakout above previous resistance.
Smart Money Concepts:
Market Makers completed accumulation at the $92-94k zone.
Premium Zone established around $105-106k.
Fair Value Gap (FVG) needs filling at $103.8k.
Key Levels:
Entry Zone: Current price ($102k) or pullback to $101.2k.
Targets:
T1: $103.8k (FVG Fill).
T2: $105.2k (Premium Zone).
Stop Loss: Below $99.8k (recent swing low).
Risk Score:
7/10 (Favorable R:R but watch for premium zone rejection).
Market Maker Intent:
Accumulation phase complete, now in markup/distribution phase.
Expect ranging between $101-105k before the next major move.
No significant divergences present, structure suggests continued upside after FVG fill.
Recommendation:
Long positions favorable within $101.2k-$102k range.
Monitor price action around $103.8k resistance for rejection signs.
Avoid chasing, best entries on pullbacks.
Confidence Level:
8/10 for bullish continuation.
🚀 Follow me on TradingView if you respect our charts! 📈Daily updates!