BTC/USDT 1H: Bulls Building for a Break to $109K!

BTC/USDT 1H Chart Analysis
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Current Price: $104,991

Market Structure:

• Consolidation phase after rejection at $107,200.
  
• Accumulation visible at the $103,000-$104,000 support zone.
  

Key Levels:

• Support: $103,000-$104,000
  
• Resistance Targets:
  
• T1: $107,200 (+2.2%)
  
• T2: $109,000 (+3.9%)
  
• Stop Loss: Below $102,800 (-2%).
  

Momentum Indicators:

• RSI: 48.5 (neutral), showing hidden bullish divergence forming.
  
• Trade Strategy (Confidence Level: 8/10):
  

Entry:

• Scale in: 40% at $104,900, 30% at $104,000
  
• Targets:
  
• T1: $107,200
  
• T2: $109,000
  
• Risk Score: 7/10
  

Market Maker Activity:

• Accumulation at support suggests institutional buying.
  
• Liquidity grab below $104,000 followed by a swift recovery indicates strength.
  
• Likely targeting previous highs once consolidation completes.
  

Notes:

• Wait for confirmation above $105,500 for aggressive entries.
  
• Volume profile shows healthy institutional interest.
  

Recommendation:

• Long positions with proper scaling and risk management.
  
• Watch for breakout confirmation above $105,500 for higher confidence.
  
• Confidence Level: 8/10 for bullish continuation.
  

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