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BTC Bulls Defend Key Zone Eyes on $123K Breakout Extension

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Bitcoin has successfully completed a breakout above the prior weekly high structure, followed by a healthy pullback which is currently unfolding into a bullish pennant formation. The key highlight is how price is retesting the neckline zone with precision, which now doubles as a strong immediate buyback zone.

The reaction from this level is already showing strong bullish momentum, with price gearing up to challenge the previous ATH. A breakout above that resistance should unlock the path toward the projected $116.5k and $123.4k targets as shown on the chart. Failure to hold the Immediate Buyback Zone opens the door toward the Strong Demand Zone, which remains a valid re-accumulation point within this bullish cycle.

Stay sharp. The structure remains intact unless the neckline fails decisively.
交易進行
Price forming potential bullish pennant.

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註釋
BTC breakout from the bullish pennant as expected to kick-start massive bullish move.

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