BTC/USDT — 1H Chart Analysis

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BTC/USDT — 1H Chart AnalysisBitcoin / TetherUSBINANCE:BTCUSDTcoolbouyTechnical Bias: Bullish Reversal Setup Analysis Overview: BTC is showing strong signs of a potential bullish reversal after retesting the key $99,000 support zone, which has historically acted as a high-volume demand area. The current structure suggests absorption of selling pressure with narrowing spreads and stable volume — a classic VSA accumulation signal. Key Technical Insights: Support Zone ($99,000 – $100,000): Price rebounded from this zone with visible buying tails and decreasing spread on down bars, indicating professional demand stepping in. Resistance Zone ($114,000 – $115,000): Previous double-top area highlighted in green; this will be the next major resistance where profit-taking may occur. Volume Behavior: Volume dropped during the last downward push, suggesting a lack of selling momentum — a bullish sign within VSA logic. RSI Recovery: RSI bouncing from the oversold region confirms early momentum shift to the upside. Trade Setup: Buy Entry: Above $106,000 (confirmation of reversal structure) Target Zone: $114,500 – $115,000 Stop Loss: Below $105,000 support Risk–Reward Ratio: ~1:5, favoring long bias Conclusion: BTC holds a higher probability of upside continuation, supported by strong demand near support and weakening supply pressure. A sustained close above $106,000 will likely trigger a momentum rally toward the $115K resistance area.