BTC Confirmation of Triangle Flag Breakout, Targeting 115K Has Begun
This is not a market that is 'drawing charts to deceive', but a strong technical signal confirmed by classic structure + increased volume!
Technical Structure Review:
Start: Flagpole rally initiated on May 7
Consolidation: Bullish triangle flag constructed in sideways trading from May 10 to 16
Volume: Declining volume during the consolidation phase, a typical consolidation signal
Breakout: On May 17, a strong breakout above the upper boundary with increased volume, directly signaling the restart of the uptrend
Entry Reference: Breakout point at $104,185
Stop-Loss Position: Below the lower boundary of the structure to prevent false breakouts
Target Price: $115,397
Current price around $111,436, this structure is already very clear, and it is a pattern favored by trend traders—not only is the shape clean, but the entry risk is low.
The 'false breakout probability' of this triangle flag is very low, especially after the volume increases; the cost of missing out is far greater than the cost of a stop-loss. If you ask me how I see it—this is not 'chasing highs', this is 'just taking off'.
