BTCUSDT Analysis: Bullish Intent Building on Higher Timeframes

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Taking a look at BTCUSDT. My analysis points to this current level as a significant support zone, with my overall target being higher.

While the low timeframe (LTF) action hasn't yet shown a strong influx of buyers, the picture on the higher timeframes is quite compelling. The upward movement we're seeing there is displaying solid support, indicating sustained buying interest at a larger scale.

This divergence between the LTF and HTF suggests a potential build-up of bullish momentum. We might see some consolidation or sideways movement on the lower timeframes as buyers accumulate before a more decisive push upwards.

As always, I'm keeping a close eye on the volume footprint. The sustained buying volume on the higher timeframes lends credence to this bullish outlook. I'll be waiting for the low timeframe to catch up, looking for those clear signs of buyer entry – breakouts above smaller resistances with increasing volume, and successful retests as support. CDV (Cumulative Delta Volume) on both timeframes will also be crucial in confirming this directional bias.

Remember, I focus on coins showing sudden and significant increases in volume, and while the immediate LTF might be quiet, the HTF volume profile is definitely noteworthy here.

My bias for BTCUSDT right now is upwards, given the supportive structure on the higher timeframes. However, as always, I'll be waiting for that low timeframe confirmation before considering any entries. Patience and confirmation are key, even when the higher timeframe picture looks promising. Let's see if the lower timeframes will soon echo the bullish intent we're seeing on the higher ones.

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