BTCUSDT ISHS Breakout with Bullish Pennant ContinuationBTC 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
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