Precise analysis of Bitcoin on the hourly frame:

The price is witnessing a clear upward wave after a strong downward movement and a rebound from a lower liquidity area. A descending structure has been broken and liquidity has shifted upward, giving an advantage for continuation of the rise.

Trend: Bullish

Entry Area: Any retest of the level 108200 - 108400 is a good buying opportunity.

Target: 109200 - 109600

Stop Loss: Close of an hourly candle below 107800

Monitor price movement closely at liquidity areas in anticipation of any sudden reversal.