BTCUSDT – 1H Chart Analysis

📊 BTCUSDT – 1H Chart Analysis

Current Structure
• Market has been in a downtrend with a sequence of Lower Highs (LH) and Lower Lows (LL).
• Price recently broke above the descending trendline and is now testing it for support.
• Key horizontal levels marked in white and red provide both breakout and rejection opportunities.

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📈 Bullish Scenario (Breakout Confirmation)
• Trigger: If price holds above 116,000 – 116,200 and closes 1H above trendline.
• Entry Zone: 116,500 – 116,800 (post retest confirmation)
• Targets:
• TP1: 117,340 (immediate resistance)
• TP2: 118,165 (strong supply zone)
• Extended: 119,810 – 122,800 (major liquidity zone)
• Stop Loss: Below 115,980 (trendline break + support fail)

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📉 Bearish Scenario (Rejection & Breakdown)
• Trigger: If price fails to hold above the trendline and breaks below 115,980.
• Entry Zone: 115,800 – 115,500 (after breakdown retest)
• Targets:
• TP1: 115,238 (previous demand)
• TP2: 114,656 (strong support)
• Extended: 112,000 – 111,984 (major demand)
• Stop Loss: Above 116,700 (fakeout invalidation)

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💡 Summary:
• Bulls need a clean hold above the trendline to reverse the downtrend structure.
• Bears regain control if support breaks and price returns inside the descending channel.
• Watch volume closely — a breakout with weak volume may lead to a fakeout.