The key game of the breakout opportunity and the daily chart boundary of the Bitcoin trading range.

Core logic and directional selection pressure of the 17-day consolidation.

• Preliminary signal of a triangle convergence breakout: Hourly breakout of the triangle pattern with the emergence of a small higher point. If there is a further breakout at the white/yellow arrow position and it does not fall back into the triangle, it will rely on the upper boundary of the triangle for consolidation before surging, with hopes of breaking away from the 117000-119800 dollar consolidation zone; falling back will continue the fluctuation, and the duration is unknown, making the "muddling along" state difficult to change;

• Constraints of the daily chart trading range: Currently still operating within the trading range, the early morning re-test of the lower boundary has not broken — If it breaks below the lower boundary of the trading range and the closing price is outside, then the daily chart pullback will start, targeting 112,000 dollars; only by breaking above the upper boundary of 120,087 dollars can the daily chart uptrend be restarted to look at previous highs/new highs, otherwise it will continue to fluctuate.

Key Level Trading Strategy

• Long conditions:

1. Volume breakout at 118,783 USD → right-side long position, target 118,891 → 119,899 USD, stop loss on breakout;

2. Stabilize at $118,891 → Increase long positions, aiming for $120,584, to help break out of the trading range;

3. The daily chart breaks through 120087 USD → trend reversal signal, follow the trend to go long, target near the previous high.

• Short selling conditions:

1. Volume breaks below $118,444 → short on the right side, target $117,496 → $116,583, if it rebounds and cannot recover, stop loss;

2. Break below 117496 USD on the 4-hour chart → increase short positions, looking down at 115730 USD, if it bounces back without breaking, then observe;

3. The lower boundary of the daily chart trading range is broken → Short to $112,000, need closing price confirmation for a valid break.

Verification of Patterns and Breakouts

• Effectiveness of triangle breakout:

◦ When the relay is consolidating, the upper boundary of the triangle serves as support; if it does not break, the upward momentum remains; if it falls back inside the triangle, it is regarded as a false breakout, and one should abandon chasing long positions and wait for new signals;

• The sign of breaking out of the trading range:

◦ It must hold steady at $119,800 and break through the daily chart at $120,087 to completely escape the 17-day consolidation; otherwise, it will still be in the trading range.

Discipline in operations and emotional responses

• Patience in the midst of volatility:

◦ 17 days of consolidation can easily make people impatient, but "a clear rise and fall" requires waiting for a clear breakout. Random operations will only lead to back-and-forth stop losses. Keep a close eye on the triangle and the trading range boundaries, and do not guess the direction.

• Decisiveness after the breakout:

◦ If it breaks upward, quickly follow the trend; if it breaks downward, decisively follow the short. Do not get entangled in the "muddle" process; act only after the direction is clear.

Summary: In the final stage of Bitcoin consolidation, it is essential to closely monitor breakout signals. The core operation: rely on the upper boundary support of the triangle to pursue long positions, and short if the lower boundary of the daily chart is broken. The key to leaving the trading range lies in the breakout at $119,800-$120,087. Be patient and wait for direction; do not let volatility wear down your patience.