BTC/USDT 1H: Accumulation in Discount Zone – Breakout Above $99K?
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Current Market Structure:
Smart Money Concepts:
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Key Levels:
Risk Score:
Market Maker Intent:
Recommendation:
Confidence Level:
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Current Market Structure:
- Price at $97,328 consolidating in the equilibrium zone after breaking the previous low.
- Hidden bearish divergence forming between RSI and price action, suggesting a potential retracement before continuation.
- Liquidity resting below $97,000, with price currently in a discount zone, signaling Smart Money accumulation.
Smart Money Concepts:
- Market Makers accumulating within the $97,000 range after shaking out weak hands. Current price action suggests a transition toward a markup phase. Significant resistance at $99,000 must be cleared for bullish continuation, with liquidity pools near $100,500 acting as the next target.
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Key Levels:
- Entry Zone: $97,200 - $97,500
- Targets:
- T1: $99,000 (psychological resistance)
- T2: $100,500 (premium zone)
- Stop Loss: Below $96,400 (recent swing low)
Risk Score:
- 7/10 – Favorable risk-reward ratio, but potential liquidity sweeps below $97,000 could add short-term volatility.
Market Maker Intent:
- Accumulation visible in the discount zone, with possible manipulation below $97,000 before an upward move. A break above $99,000 would confirm bullish strength and open the door to higher price targets.
Recommendation:
- Long positions are favorable within the $97,200 - $97,500 range. Monitor for volume confirmation above $99,000 to secure momentum. Maintain tight stops to protect against unexpected pullbacks.
Confidence Level:
- 7.5/10 – Bullish bias remains intact, but confirmation above key resistance is required.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.