BTCUSDT – Weekly Breakout Setup Targeting $115K–$125K | Bullish

Description:
Bitcoin is showing a clear continuation pattern on both the daily and weekly timeframes, supported by strong trend structure and healthy consolidation. After breaking out of a long-range accumulation zone (60K–72K), BTC has maintained its position above critical levels and is now forming a bullish flag/pennant just below a major resistance band (~106K).

🔍 Key Technical Highlights:
Higher highs and higher lows structure in both D1 and W1.

Current consolidation resembles a bullish pennant, often a continuation pattern after parabolic moves.

Price holding well above the midline of the ascending channel and major MAs (50/100/200 EMA) on daily.

Weekly candle bodies are closing higher with strong wicks rejecting downside, showing buying strength.

RSI is climbing again (D1 ~69, W1 ~64) – still below overbought, leaving more room to run.

MACD has bullish crossover and momentum histogram is green.

ADX above 23 and increasing, indicating strong trend potential.

📌 Support & Resistance:
Immediate Resistance: 106,000 (Previous Weekly High - PWH)

Major Breakout Level: 110,000 (Horizontal + Fib Confluence + Weekly structure)

Support: 100,000 psychological + dynamic trendline + demand zone

Strong Base: 96,000–98,000 (must hold for bullish bias to remain)

🎯 Trade Setup (Swing Long Idea):
Entry (Breakout): Above 106,000

Targets:

TP1: 110,000

TP2: 115,000

TP3: 124,000 (channel top / measured move target)

Stop Loss: Below 98,500 (or tighter under structure at 100,000 depending on risk appetite)