The chart you've shared for BTC/USD (1H timeframe) indicates a bullish outlook based on the following elements:
Ascending Channels: Price moved within two rising channels, suggesting a bullish momentum.
Support Zone: Marked by arrows, previous bounces suggest strong support near 102,200–102,300.
Breakout and Pullback: Price appears to be forming a higher low, potentially preparing for the next upward leg.
Target Area: Marked around 105,630 (TP target).
Summary:
Entry (Buy Zone): Around 103,200–103,300.
Stop Loss (SL): Below 102,200 (conservative stop).
Take Profit (TP): 105,630 (as marked on chart).
Risk-to-Reward Ratio: Approximately 1:2 or better.