BTC/USDT 1H: Accumulation in Play – Breakout Above $99K Next?
2025-02-08
Category: None

BTC/USDT 1H: Analysis
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 Current Market Condition: 
 
 Price at $97,395, consolidating after rejection from $99K.
 Multiple CHoCH (Change of Character) formations indicate choppy price action.
 RSI at 47.86, showing a neutral stance with no extreme conditions.
 
 Smart Money Analysis: 
 
 Fair Value Gap (FVG) between $96K- GETTEX:97K  acting as strong support.
 Premium zone at $102K remains untested.
 Multiple liquidity hunts occurring around the  GETTEX:98K  level, signaling engineered price action.
 
 
 
 Trade Setup: 
 
 Entry Zone: $97,200 - $97,400.
 Targets:
 T1: $98,800 (+1.5%).
 T2: $99,400 (+2.1%).
 Stop Loss: Below $96,400 (-0.8%).
 
 Risk Score: 
 
 7/10 – Decent risk-to-reward, but potential for manipulation at  GETTEX:98K  level.
 
 Market Maker Intent: 
 
 Market Makers appear to be accumulating within this range.
 Hidden bullish divergence forming on RSI, supporting a breakout thesis.
 
 Recommendation: 
 
 Consider long entries within $97,200 - $97,400, keeping stops tight at $96,400.
 Be patient—this is a high timeframe setup that requires discipline and proper risk management.
 Watch for strong volume confirmation above  GETTEX:98K  to reinforce bullish momentum.
 
 Confidence Level: 
 
 7/10 – Strong accumulation signals, but confirmation is required before aggressive positioning.
 
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