BTCUSD 45M Bullish Continuation Setup After Flag Consolidation

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BTCUSD 45M Bullish Continuation Setup After Flag ConsolidationBitcoin / U.S. dollarBITSTAMP:BTCUSDDrForexPhd🔎 Market Context Price recently made a strong upward impulsive move. A corrective pullback followed, forming a tight descending consolidation (flag structure). The structure shows lower highs compressing into horizontal support — typical of continuation setups. 📌 Entry Idea Entry Zone: Breakout above the descending trendline resistance. This would confirm bullish continuation and renewed momentum. 🎯 Targets Primary Target (Marked 50% TP): ~68,563 Upside projection aligns with previous resistance and measured move from consolidation height. If momentum accelerates, continuation beyond this level is possible. 🛑 Stop Loss (SL) Below consolidation base (~67,600 area). A breakdown below this level invalidates the bullish structure. 📈 Trade Logic This setup reflects: Strong impulse up Controlled pullback Compression of volatility Potential breakout continuation As long as price holds above the range low, buyers remain in control. ⚠️ Risk Notes Watch for fake breakouts (low-volume push above trendline). A clean breakout candle with follow-through improves probability. If price breaks downward first, bias shifts to short-term bearish.