BTC/USDT 1H: Bulls Eye Key Reversal from 99k Support 
2025-01-27
Category: None


BTC/USDT 1H Chart Analysis (SMC Principles)
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Current Price: ~99k

 Market Condition: 
 
 Testing critical support near 99k after sharp selloff.
 RSI: Oversold at 30, with hidden bullish divergence forming.
 Bearish order block evident at 105k.
 Volume increasing on downside moves, signaling potential capitulation.
 

 Market Maker Activity: 
 
 Distribution phase visible at 105-106k range.
 Liquidity sweep engineered below 98k, potentially setting up for accumulation.
 Likely targeting 104k to collect sell-side liquidity.
 
 
Key Levels: 
 
 Support: 98k-99k (weekly demand zone).
 Resistance Targets:
 T1: 102k
 T2: 104k
 Stop Loss: Below 97.8k (recent swing low).
 

 Trade Setup (Confidence Level: 7.5/10): 
 
 Entry Zone: 99k-100k
 Targets:
 T1: 102k
 T2: 104k
 Stop Loss: Below 97.8k
 Risk Score: 7/10 (moderate risk with favorable R:R).
 
 
Recommendation: 
 
 Long position warranted within the 99k-100k zone, but wait for confirmation with a strong hourly close above 100k.
 Watch for volume spike to confirm reversal and monitor RSI divergence.
 Maintain tight stops due to broader bearish context.
 Confidence Level: 7.5/10 for potential accumulation phase.
 
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