BTC/USDT 1H: Bullish Momentum Unleashed – $105K Next?
2025-02-04
Category: None

BTC/USDT 1H Chart Analysis
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 Current Market Structure: 
 
 Price at $102,034 showing bullish momentum after breaking premium zone.
 RSI at 68.53, confirming strong momentum but not overbought yet.
 Volume confirmation on breakout above previous resistance.
 
 Smart Money Concepts: 
 
 Market Makers completed accumulation at the $92-94k zone.
 Premium Zone established around $105-106k.
 Fair Value Gap (FVG) needs filling at $103.8k.
 
 Key Levels: 
 
 Entry Zone: Current price ($102k) or pullback to $101.2k.
 Targets:
 T1: $103.8k (FVG Fill).
 T2: $105.2k (Premium Zone).
 Stop Loss: Below $99.8k (recent swing low).
 
 Risk Score: 
 
 7/10 (Favorable R:R but watch for premium zone rejection).
 
 Market Maker Intent: 
 
 Accumulation phase complete, now in markup/distribution phase.
 Expect ranging between $101-105k before the next major move.
 No significant divergences present, structure suggests continued upside after FVG fill.
 
 Recommendation: 
 
 Long positions favorable within $101.2k-$102k range.
 Monitor price action around $103.8k resistance for rejection signs.
 Avoid chasing, best entries on pullbacks.
 
 Confidence Level: 
8/10 for bullish continuation.
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