BTCUSD 1-Hour Technical & Fundamental AnalysisBitcoin / US DollarBINANCE:BTCUSDRebornFXTraderBTCUSD 1-Hour Technical & Fundamental Analysis Despite recent volatility, Bitcoin (BTCUSD) remains up over 4% in October, which historically has been one of the more bullish months in the crypto calendar. This seasonal behavior supports the idea that current declines may be buying opportunities rather than a trend reversal. On the technical side, after a recent decline and the formation of a long wick tapping the major key support at 108,000, price broke through the minor key resistance at 115,000, indicating a potential Change of Character (CHOCH) on the 1-hour chart. Following this breakout, price began to accumulate buyers, and is now showing signs of a downward retracement — likely a liquidity hunt before another possible break to the upside for distribution. 🎯 Trading Plan: Entry: 115,384.00 Stop Loss: 113,938.00 Take Profit 1: 118,571.00 Take Profit 2: 119,883.00 Several analysts are also viewing the recent drop as a healthy pullback within an ongoing bullish structure, suggesting that momentum could soon reset for the next upward leg. Dips like this often absorb liquidity and rebuild strength — a common behavior in trending markets before continuation. ⚠️ Disclaimer: This analysis is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance does not guarantee future results. Always conduct your own research and manage your risk appropriately.