$BTC /USDT 1-Hour Chart Technical Analysis & Trade Setup

Current Market Context:

Bitcoin (BTC) is currently trading around $106,250 after rebounding from recent lows. The market shows moderate bullish momentum but also faces potential resistance from overhead supply levels. The short-term trend remains cautiously bullish, supported by steady ETF inflows and improved market sentiment.

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Key Levels

Support Zones:

$105,500 (minor support)

$105,000 (major support, psychological)

Resistance Zones:

$106,700 (near-term resistance)

$107,500 (stronger resistance, potential breakout level)

Indicators

RSI (1H): ~60 (bullish bias but not overbought)

MACD (1H): Slight bullish crossover, positive histogram

EMA 50 (1H): ~$105,800 (key dynamic support)

Volume: Moderate — watch for volume spikes to confirm breakout moves

🛠️ Detailed Trade Setups

🔼 Scenario 1: Bullish Breakout Play

Entry: Enter long on a confirmed 1-hour candle close above $106,700 with increased volume

Take Profits (TP):

TP1: $107,500

TP2: $108,500

Stop-Loss (SL): Below $105,800 (to protect against false breakouts)

Risk-Reward: ~1:2

📌 Notes: Look for RSI crossing above 65 and a bullish MACD confirmation. Check for higher volume to validate the breakout.

🔽 Scenario 2: Pullback Long

Entry: If BTC retraces to the $105,500–$105,000 zone, look for a bullish reversal candle (e.g. hammer, engulfing) on the 1-hour chart.

Take Profits (TP):

TP1: $106,700

TP2: $107,500

Stop-Loss (SL): Below $104,800 (to avoid deeper downside)

Risk-Reward: ~1:2

📌 Notes: EMA 50 (~$105,800) acts as dynamic support. Monitor RSI and MACD to avoid catching a falling knife.

✂️ Scenario 3: Bearish Breakdown Play

Entry: If BTC breaks below $105,000 with strong bearish momentum and volume.

Take Profits (TP):

TP1: $104,000

TP2: $102,500

Stop-Loss (SL): Above $105,500 (in case of false breakdown)

Risk-Reward: ~1:2

📌 Notes: Watch for high-volume breakdowns. Confirm with RSI dropping below 45 and MACD histogram turning negative.