BTCUSD: Double Bottom Reclaim Sets Up Bullish Pennant BreakoutBitcoin / US DollarCOINBASE:BTCUSDTaxpayerTradesBTC printed a double bottom on the 4H and has reclaimed the structure. Zooming out to the daily, that entire recovery leg is coiling inside a bullish pennant — a continuation pattern that typically resolves in the direction of the prior impulse (up). 4H Setup — Double Bottom Entry: 61,279.90 Stop: 60,713.25 Target: 63,546.48 Risk:Reward: ~4R Price has already reclaimed above the neckline here, so this is confirmation rather than anticipation. Daily — Bullish Pennant The bounce off the double bottom is now consolidating into a tightening pennant on the daily. A confirmed break above the upper trendline projects a measured move of roughly +34.8%, putting the target near 85,000. Invalidation 4H: A close back below 60,713.25 invalidates the double bottom thesis. Daily: A breakdown through the lower pennant trendline (rather than an upside break) invalidates the continuation setup and opens the door to the deeper rejection scenario (-20%+ back down), which stays on the table until the pennant resolves. Bias Bullish above 61,279.90 on the 4H structure, with the daily pennant break as confirmation for the larger move.