📊 Wyckoff Analysis – 1H Time Frame

Based on the Wyckoff Method, the 1-hour BTC chart shows signs of reaccumulation after a short-term pullback.

SC (Selling Climax):

Price dropped sharply to the support zone around $102,946, forming a local low with a surge in trading volume.

AR (Automatic Rally):

After the SC, price bounced to an intraday high of $104,168, indicating strong buying interest.

ST (Secondary Test):

Price retested the SC level with lower volume, confirming support around the low.

If BTC continues consolidating within this range with decreasing volume, it could signal accumulation before a potential breakout.

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📐 Fibonacci Analysis – 1H Time Frame

Applying Fibonacci Retracement from the recent swing low ($102,946) to swing high ($104,168), key levels to watch:

38.2% Level: Around $103,700 – first support if price corrects.

50.0% Level: Around $103,557 – mid-range support, often observed in minor pullbacks.

61.8% Level: Around $103,414 – strong support, commonly associated with bullish reversals.

Holding above these levels, combined with rising volume on upward moves, could confirm continuation of the uptrend.

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✅ Summary

Current Structure: BTC is in a short-term accumulation phase on the 1H chart, supported by Wyckoff and Fibonacci signals.

Trade Strategy:

Monitor price reaction at key Fibonacci levels.

Consider long positions if price breaks resistance with volume confirmation.

Set stop-loss below major support zones to manage risk.

Note: Technical analysis provides a supportive view for decision-making but should always be combined with broader market context and proper risk management.