BTC/USDT 1H: Bulls Targeting $107K After Key Accumulation

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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