BTC/USDT 1H: Bulls Aim for $106.8k After Key Recovery !

BTC/USDT 1H Chart Analysis
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Current Market Structure:

• Bullish recovery underway after a liquidity sweep at 98.4k.
  
• Hidden Bullish Divergence: Higher lows on RSI while price made lower lows, indicating potential for further upside.
  

Smart Money Activity:

• Accumulation phase appears complete.
  
• Market now transitioning to markup phase with strong institutional buying evident.
  

Key Levels:

• Entry Zone: 101.8k-102.2k
  
• Targets:
  
• T1: 104.4k
  
• T2: 106.8k
  
• Stop Loss: Below 98.2k (recent sweep).
  

Risk Score:

• 7.5/10 (favorable R:R with clear invalidation).
  

Market Maker Intent:

• Previous distribution attempt at 104.4k failed, suggesting a move to target liquidity near prior highs.
  
• Volume profile supports the bullish narrative, with strong accumulation complete.
  

Recommendation:

• Long positions are favorable within the 101.8k-102.2k range.
  
• Maintain tight stops below 98.2k to limit downside risk.
  
• Monitor price action near 104.4k for potential resistance.
  
• Confidence Level: 8/10 for bullish continuation.
  

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