BTC analysis is detailed and aligns well with multi-timeframe price action strategies. Here’s a concise breakdown of your observations:

  • Weekly Timeframe:

Cup and Handle Pattern: A bullish formation indicating potential upward momentum.

Neckline Breakout: Confirms the bullish bias, but price is currently in the resistance zone ($73,600).

Possible Retest: $68,000–$72,000 may act as a pullback zone, aligning with the "retest after breakout" concept.

  • Daily Timeframe:

Bullish Pennant: A continuation pattern suggesting further upside potential.

  • Breakout Confirmation:

If a daily/H4 candle closes above $73,600, the market could potentially aim for:

First : $105,234.

Final : $129,435.

  • Notes:

Resistance zones often induce volatility; waiting for clear breakout confirmations minimizes risk.

Monitor volume during breakouts for strength validation.

Always maintain a risk management plan: Use stop-losses and position sizing effectively.