BTC/USDT 1H: Bulls Building for a Break to $109K!
2025-01-22
Category: None

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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