BTC/USDT 1H: Bullish Momentum Holding – Next Target $87,500?BTC/USDT 1H: Bullish Momentum Holding – Next Target $87,500?
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Current Market Conditions (Confidence: 8/10):
Price at $85,494, showing strong bullish momentum with a recent breakout.
RSI at 69.71, approaching overbought but still has room to push higher.
Clear order block formation at $83,600, confirming institutional demand.
Previous resistance at $84,000 now acting as support, strengthening the bullish structure.
LONG Trade Setup:
Entry: $85,200 - $85,500 zone.
Targets:
T1: $86,000 (key short-term resistance).
T2: $87,500 (extended target).
Stop Loss: $84,000 (below recent support).
Risk Score:
7/10 – Elevated due to extended move, but structure remains bullish.
Market Maker Activity:
A
ccumulation visible at higher levels, suggesting Smart Money positioning for another push.
Minimal bearish divergence present, supporting further continuation.
Break above $84K suggests sustained momentum, but watch resistance at $86K for reaction.
Recommendation:
Long positions remain favorable within the $85,200 - $85,500 entry range.
Monitor $86K resistance for breakout potential; failure to hold may lead to a pullback.
Use tight stops to protect against a sudden liquidity sweep.
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