BTC/USDT 1H: Bullish Momentum Unleashed – $105K Next?

BTC/USDT 1H Chart Analysis
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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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