The large pancake bull market is consolidating in a flag pattern, is a breakout just a matter of time?
$BTC is currently in a classic bull flag structure, slowly consolidating. This pattern usually appears during significant price increases, resembling a 'tiger crouching in the pit'; once it gains strength, it can easily take off directly.
Currently, the chart has entered the upper resistance zone, but the rhythm is very healthy, and the lower support has not been broken, indicating that the main forces are still steadily controlling the market, and it's not yet time for a breakout.
However, one point must be reminded:
A genuine breakout must be accompanied by volume!
Breakouts without volume support are just paper tigers; if accompanied by volume, that's a rocket launch.
Based on the extension of the flagpole, the theoretical target has pointed to a higher range—if it breaks out, it may directly head towards the new high pre-zone.
