BTCJPY 30M Educational Analysis: Range Breakout and Bullish ContBitcoin / YenBITFLYER:BTCJPYPROTRADER9BTCJPY - 30M Timeframe Analysis Market Structure: BTCJPY was consolidating in a range zone between 12,800,000 - 12,950,000. As marked on chart, price formed a range box and took liquidity from low near 12,754,990. Currently price is trading around 13,034,229 after a strong breakout from the range. Key Levels: Support Zone: 12,754,990 / 12,800,000 Immediate Resistance: 13,092,483 Strong Resistance / Target: 13,286,236 - 13,358,612 Analysis: As per chart, there is a descending triangle breakdown followed by accumulation. Price made a false breakdown near 12,754,990 and then gave a strong bullish impulse. This shows buyers are active from lower zone. The projection on chart shows price may do a small retest near 13,092,483 support turned resistance, and then continue towards 13,286,236. Break and close above 13,092,483 on 30M can confirm next bullish leg. Invalidation: If price breaks below 12,754,990 and closes below it on 30M, this bullish breakout idea will be invalid. This is for educational purpose only. This is not financial advice. Please do your own research and manage your risk properly. #BTCJPY #Bitcoin #Crypto