BTC Daily Bullish PennantBTCUSDT Perpetual ContractBYBIT:BTCUSDT.PsabinaGMMore than halfway through the month, price has developed a different narrative from initial plans. The market is clearly showing something different now, leaning more toward taking liquidity above and gradually shifting the outlook toward a potential bullish scenario. On the daily chart, we can see what appears to be a bullish pennant, while the weekly chart is showing compression. The last two weekly candles have failed to sweep either extreme of their previous weekly ranges, which suggests significant HTF energy building within this consolidation. Based on the current development, I now favor August taking July's high rather than July's low, potentially followed by the daily bullish MSB I have been waiting for. The monthly pattern I previously mapped out also remains in play. Thinking about it from a timing perspective, if BTC is indeed moving toward the 80K to 90K range and eventually looking to revisit the Yearly Open, we are already halfway through August with only four months left in the year. If that is the path price wants to take, an acceleration in momentum would make sense. At this point, the priority is to follow momentum and adapt to what price is actually showing. One key area to monitor is the daily 100 EMA. A retest of that level would still leave price below July's high, keeping the possibility of a bull trap open. However, volume currently continues to favor the developing bullish structure and increases the possibility of a broader bullish shift. It is also important to keep the H4 structure in perspective. At the moment, price is still trading within the current H4 swing high and swing low, range structure. We have not even printed an H4 bullish structural shift yet, so there is still confirmation missing before treating this as a fully established bullish trend. For now, the narrative is shifting, but confirmation still matters.