Long

Btcusd techinical analysis.

This BTC/USD 1-hour chart suggests a bullish breakout scenario. Here's a breakdown of key technical signals:

Key Observations:

1. Price Level: Current price is $109,582.1, with a recent rise of +0.59%.

2. Resistance Zones (Purple Boxes):

First resistance near $109,800 – $109,900.

Second (minor) resistance around $109,300 – $109,400.

Price is testing the upper resistance zone now.

3. Bullish W Pattern:

A sharp drop and recovery formed a “W” pattern—common before breakouts.

The neckline of this W is being challenged.

4. Trendline Breakout Projection (Blue Arrows):

The chart suggests a breakout projection towards $110,300 – $110,400.

This is based on the upward trajectory from the recent swing low.

5. Support Zone (Lower Purple Box):

Support established at $109,150 – $109,250.

If price

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