BTC/USDT 1H: Bullish Momentum Holding – Next Target $87,500?

BTC/USDT 1H: Bullish Momentum Holding – Next Target $87,500?
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Current Market Conditions (Confidence: 8/10):

• Price at $85,494, showing strong bullish momentum with a recent breakout.
  
• RSI at 69.71, approaching overbought but still has room to push higher.
  
• Clear order block formation at $83,600, confirming institutional demand.
  
• Previous resistance at $84,000 now acting as support, strengthening the bullish structure.
  

LONG Trade Setup:

• Entry: $85,200 - $85,500 zone.
  
• Targets:
  
• T1: $86,000 (key short-term resistance).
  
• T2: $87,500 (extended target).
  
• Stop Loss: $84,000 (below recent support).
  

Risk Score:

• 7/10 – Elevated due to extended move, but structure remains bullish.
  

Market Maker Activity:
A

• ccumulation visible at higher levels, suggesting Smart Money positioning for another push.
  
• Minimal bearish divergence present, supporting further continuation.
  
• Break above $84K suggests sustained momentum, but watch resistance at $86K for reaction.
  
• Recommendation:
• Long positions remain favorable within the $85,200 - $85,500 entry range.
  
• Monitor $86K resistance for breakout potential; failure to hold may lead to a pullback.
  
• Use tight stops to protect against a sudden liquidity sweep.
  

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