BTC/USDT 1H Analysis : Bulls Building for a Break to $109K! 🚀
#BTCUSDT #BTCUSDT. #BTCUSDT! #BinanceSquareFamily
Current Overview
- Current Price : **$104,991**
- Market Structure : Currently in a **consolidation phase** after facing rejection at **$107,200**.
Key Levels :
- Support Zone : **$103,000 - $104,000**
- Resistance Targets :
- T1 : **$107,200** (+**2.2%** potential)
- T2 : **$109,000** (+**3.9%** potential)
- Stop Loss :** Below **$102,800** (-**2%**).
Momentum Indicators :
- RSI : **48.5** (neutral) indicating **hidden bullish divergence** forming.
Trade Strategy :
- Confidence Level : **8/10**
- Entry Points :
1. Scale in **40%** at **$104,900**
2. Scale in **30%** at **$104,000**
- Targets :
- T1 : **$107,200**
- T2 : **$109,000**
- Risk Score : **7/10**
Market Insights :
- Market Maker Activity :
- Accumulation at support suggests **institutional buying**.
- A liquidity grab below **$104,000** followed by a **quick recovery** indicates market strength.
- Likely targeting previous highs once consolidation completes.
Conclusion :
With strong accumulation and bullish indicators, BTC is poised for potential gains. A breakout above **$105,500** could lead to a more aggressive bullish stance.
Pro-Tip :
- **Monitor for breakout confirmation** above **$105,500** before entering long positions for higher confidence levels.
Advice for Investors :
- Long positions should be taken with proper scaling and effective risk management.
- Keep an eye on volume profiles and institutional interest for better entry points.
Stay tuned for further updates and happy trading ! 📈