Bitcoin / USDTLong
BTC/USDT 1H: Bullish Momentum Unleashed – $105K Next?
BTC/USDT 1H Chart Analysis
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Current Market Structure:
Smart Money Concepts:
Key Levels:
Risk Score:
Market Maker Intent:
Recommendation:
Confidence Level:
8/10 for bullish continuation.
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Current Market Structure:
- Price at $102,034 showing bullish momentum after breaking premium zone.
- RSI at 68.53, confirming strong momentum but not overbought yet.
- Volume confirmation on breakout above previous resistance.
Smart Money Concepts:
- Market Makers completed accumulation at the $92-94k zone.
- Premium Zone established around $105-106k.
- Fair Value Gap (FVG) needs filling at 103.8k.
Key Levels:
- Entry Zone: Current price (102k) or pullback to 101.2k.
- Targets:
- T1: 103.8k (FVG Fill).
- T2: 105.2k (Premium Zone).
- Stop Loss: Below 99.8k (recent swing low).
Risk Score:
- 7/10 (Favorable R:R but watch for premium zone rejection).
Market Maker Intent:
- Accumulation phase complete, now in markup/distribution phase.
- Expect ranging between $101-105k before the next major move.
- No significant divergences present, structure suggests continued upside after FVG fill.
Recommendation:
- Long positions favorable within 101.2k-102k range.
- Monitor price action around 103.8k resistance for rejection signs.
- Avoid chasing, best entries on pullbacks.
Confidence Level:
8/10 for bullish continuation.
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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.
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.