BTC/USDT 1H: Bulls Eyeing a Reversal from Key Support!

BTC/USDT 1H Chart Analysis
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Confidence Level: 8/10

Current Market Structure:

• Bearish momentum with price at $102,288, testing key support levels.
  
• RSI: 37.20, oversold with signs of a potential reversal.
  
• MACD: Bearish crossover, with momentum (-511.49 vs -615.66) slowing.
  

Trade Setup:

• Entry Zone: $102,300-$102,500 (wait for RSI divergence confirmation).
  
• Targets:
  
• T1: $103,200 (1.5R).
  
• T2: $104,000 (2.5R).
  
• Stop Loss: Below $101,800 (recent swing low).
  
• Risk Score: 7/10 (moderate).
  

Market Maker (MM) Analysis:

• Institutional selling pressure evident from high-volume dumps.
  
• Hidden Bullish Divergence: RSI showing lower lows while price holds support.
  
• Potential liquidity grab below $102,000 before reversal.
  

Key Levels:

• Support: $102,000, $101,500.
  
• Resistance: $103,500, $104,200.
  
• Order Block: $103,800-$104,000.
  

Recommendation:

• Wait for RSI to break above 40 to confirm reversal before entering longs.
  
• Watch for a liquidity sweep below $102,000 as a potential entry trigger.
  
• Manage risk tightly due to bearish momentum.
  
• Confidence Level: 8/10 for a cautious bullish setup with proper confirmation.
  

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