$BTC USDT Technical Analysis – Bullish Continuation Pattern 💎

The BTCUSDT chart on the daily timeframe clearly shows a strong bullish trend with repeated bullish flag/pennant formations, highlighted in yellow boxes. These consolidation zones represent price accumulation after significant upward moves, typically preceding another bullish breakout.

Key Observations:

1. Trend Structure:

The price action forms a stair-step pattern, each step representing a consolidation phase before a bullish breakout.

This is a classic bullish continuation pattern, signaling that bulls are in control.

2. Price Action:

After each breakout, BTC formed a new local high followed by tight-range consolidation.

The current price sits at $106,271.4, approaching the previous swing high of $107,114.3, indicating a potential breakout attempt.

3. Volume Analysis:

24h Volume (BTC): 252,982 BTC

24h Volume (USDT): $26.35B

Healthy volume supports the strength of the ongoing trend.

4. Support & Resistance:

Immediate resistance: $107,114.3 (recent high)

Key support zones: $101,562.6 and $94,378.0

5. Indicators:

While the KDJ is enabled, the specific values aren’t shown. However, momentum appears strong as candles close near the highs of their ranges.

Conclusion:

BTCUSDT is currently exhibiting a strong bullish continuation pattern, with each breakout backed by accumulation. As long as BTC maintains support above $101,000 and breaks above $107,100, the uptrend is likely to continue. Traders should watch for volume spikes and candle closes above resistance to confirm bullish momentum.

Risk Management Tip: Always set a stop-loss just below the support level of the current consolidation zone and monitor market sentiment