Long

BTC/USDT 1H: Accumulation in Play – Breakout Above $99K Next?

BTC/USDT 1H: Analysis
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Current Market Condition:

Price at $97,395, consolidating after rejection from $99K.
Multiple CHoCH (Change of Character) formations indicate choppy price action.
RSI at 47.86, showing a neutral stance with no extreme conditions.

Smart Money Analysis:

Fair Value Gap (FVG) between $96K-97K acting as strong support.
Premium zone at $102K remains untested.
Multiple liquidity hunts occurring around the 98K level, signaling engineered price action.

Trade Setup:

Entry Zone: $97,200 - $97,400.
Targets:
T1: $98,800 (+1.5%).
T2: $99,400 (+2.1%).
Stop Loss: Below $96,400 (-0.8%).

Risk Score:

7/10 – Decent risk-to-reward, but potential for manipulation at 98K level.

Market Maker Intent:

Market Makers appear to be accumulating within this range.
Hidden bullish divergence forming on RSI, supporting a breakout thesis.

Recommendation:

Consider long entries within $97,200 - $97,400, keeping stops tight at $96,400.
Be patient—this is a high timeframe setup that requires discipline and proper risk management.
Watch for strong volume confirmation above 98K to reinforce bullish momentum.

Confidence Level:

7/10 – Strong accumulation signals, but confirmation is required before aggressive positioning.

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Cryptokijker

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Cryptokijker