BTC is holding above a clean neckline breakout from a inverse head and shoulders formation, currently consolidating inside a bullish pennant.
A breakout from this range offers continuation potential to 136K and possibly to 168K. Bias remains bullish while price holds above the 114K region.
Market Structure
• Trend: Bullish continuation
• Pattern: Inverse Head & Shoulders + Bullish Pennant
• Price Action: Clean breakout and retest of neckline support, followed by tightening consolidation
Key Zones
• Immediate Demand Zone: 114,000 – 117,000
• Internal Demand Zone: 105,000 – 108,000
• Major Setup Support Zone: 98,000 – 101,000
• Base Support (ISHS Origin): 74,500 – 77,000
• Neckline: 111,700-113,800 (Confirmed pivot level)
Technical Confluence
• Volume: Strong candle breakout through neckline, followed by low-volume bullish flag
• Price Geometry: ISHS measured move aligns with the final target at $168K
• Momentum: Bullish structure maintained with higher lows and reactive demand
Entry Plan
• Zone: 117,500 – 119,000
• Method: Limit buy on demand retest or breakout retest of 123K
• Execution: Swing entry with invalidation below demand base
Targets
• 🎯 TP1: 136,442 — Pennant measured move
• 🎯 TP2: 168,029 — Final ISHS target
Invalidation
• ❌ SL: Below 110,000
• Reason: Break below ISHS Neckline invalidates bullish thesis in the short term
• RRR: Estimated 1:4 depending on execution
If this structure aligns with your outlook, feel free to share your thoughts in the comments.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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