BTC/USD Consolidation Breakout Setup

Chart Overview:
The BTC/USD chart shows a strong bullish impulse followed by a consolidation phase just below a key resistance level, suggesting a potential bullish continuation.

🔹 Key Technical Zones:

📍 Support Zone:
105,368 – 106,481 USD
This area acted as a strong demand zone where price reversed aggressively.

📍 Resistance Level:
107,439 – 107,840 USD
Price is currently consolidating just below this resistance, indicating a buildup for a breakout.

🎯 Target Zone:
110,683 – 111,394 USD
A clean breakout above resistance could push price into this target area.

🔹 Technical Signals:

✅ Bullish Flag Formation:
After a strong impulse move, BTC is forming a sideways range, indicating bullish accumulation.

⬆️ Breakout Potential:
A confirmed breakout and retest above 107,840 could validate a move toward the 111K region.

⚠️ Invalidation Point:
A drop below 106,481 would invalidate the bullish bias and may trigger a deeper pullback.

📌 Conclusion:
As long as BTC holds above the 106,481 support and breaks above the 107,840 resistance, bullish momentum is expected to continue toward the 111K zone. Traders should watch for a breakout confirmation and manage risk accordingly. 💹