BTC/USDT 1H: Bulls Targeting $107K After Key Accumulation
2025-01-24
Category: None

BTC/USDT 1H Chart Analysis 
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Current Price: $105,200

 Market Structure: 
 
 
 Bullish consolidation with higher lows forming.
 RSI: 56.9, signaling neutral momentum and room for upside.
 

 Key Levels: 
 
 Support: $104,000 (equilibrium zone provides strong support).
 Resistance: $107,000 (premium zone).
 
 
 Technical Highlights: 
 
 Hidden Bullish Divergence: Present on RSI vs. price action from Jan 23-24, supporting continuation.
 Smart Money Activity: Accumulation pattern evident, with tight ranges indicating institutional buying.
 

 Trade Setup (Confidence Level: 8/10): 
 
 Entry Zone: $105,200 (current price).
 Targets:
 T1: $106,500
 T2: $107,000
 Stop Loss: Below $103,800 (recent swing low).
 Risk Score: 7/10 (favorable R:R with clear invalidation).
 

 Market Maker Activity: 
 
 Accumulation phase visible, likely positioning for the next leg up.
 Volume profile supports the bullish thesis, with liquidity targeting above $107,000.
 

 Recommendation: 
 
 Long position preferred at current levels.
 Monitor for volume confirmation on a break toward $106,500-$107,000.
 Confidence Level: 8/10 for bullish continuation.
 

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