BTC/USDT 1H: Bullish Accumulation – Next Leg Toward $98,400?!

BTC/USDT 1H: Bullish Accumulation – Next Leg Toward $98,400?!
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Current Market Structure:

Price at $96,416 with strong bullish signals.
Bullish divergence on RSI (56.88) with higher lows forming.
Strong bounce observed from the $93,600 support level.
Market makers are accumulating at lower levels, showing increasing buy pressure.

Market Maker Activity:

Accumulation is evident at lower levels with a strong bounce from key support.
Increasing buy pressure suggests that market makers are preparing for the next upward leg.

Technical Indicators:

Bullish divergence on RSI supports a reversal and continuation of the uptrend.
The bounce from $93,600 reinforces the strength of the support zone.

Trade Setup (Confidence 8/10):

Entry: $96,300 - $96,500 zone.
Targets:
T1: $97,200 (key resistance)
T2: $98,400 (previous high)
Stop Loss: $95,200 (below recent swing low)

Risk Score:

7/10 – Favorable risk-to-reward with clear invalidation below $95,200.

Recommendation:

Long positions are recommended within the $96,300 - $96,500 entry zone.
Monitor for a breakout above $97,600 for confirmation of bullish continuation.
Key support at $95,200 must hold for this bullish scenario to remain valid.

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Cryptokijker

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Cryptokijker