Bitcoin Builds Toward Breakout as Ascending Triangle Nears Completion

By: cryptosheadlines|2025/05/16 15:45:05
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin forms an ascending triangle with $104,900 as key breakout level for further upside.On-chain data shows rising investor conviction as Realized Cap nears $900 billion.Options open interest rises to $40B, signaling bullish sentiment despite lower volume.Bitcoin continues trading in a tight range above $103,000, forming a textbook ascending triangle on the hourly chart. Market participants are watching for a breakout above $104,900, which could set the stage for Bitcoin to enter a new price discovery phase and approach an all-time high.Technical Pattern Builds Toward Breakout ConfirmationThe ascending triangle structure currently forming shows higher lows meeting a horizontal resistance at $104,900. This technical setup is often seen before a bullish breakout. Bitcoin has tested the lower boundary near $101,600 multiple times while holding firm above the trendline.$BTC Ascending Triangle formation on the hourly chart..If Bitcoin bounces from here, it might test the 104.9k horizontal Resistance.Bulls need to clear the 104.9k Resistance to confirm the breakout and open the doors to a new ATH..#Crypto #Bitcoin #BTC pic.twitter.com/LxUmKfjlzY— Captain Faibik (@CryptoFaibik) May 15, 2025According to an analysis prepared by Ali Charts via X, key support now lies at $101,600. If Bitcoin holds this level and moves higher, a breakout above $104,900 could follow. Confirmation would require a clean daily close above this resistance zone, potentially opening the door to $110,000 and higher.Source :Ali Charts(X)The Relative Strength Index (RSI) remains steady near 67, indicating sustained bullish momentum. Market structure still favors the upside, with the price trading above the Parabolic SAR level at $98,673 and supported by the Donchian Channel midpoint at $99,276.On-Chain and Market Developments Reinforce Bullish SetupAccording to an observation by Glassnode, Bitcoin’s Realized Cap has increased by $30 billion since April 20. This rise points to growing investor conviction, with the current realized cap near $900 billion. Spot market data also reflects strong accumulation, as the Spot Volume Delta peaked close to $5 billion on May 13.Source :Glassnode(X)Options market behavior supports the trend, too. According to data from Coinglass, open interest in Bitcoin options rose 1.21% to $40.04 billion, even as overall volume declined. This shows traders are holding bullish positions and not exiting the market.Source :Bitbull(X)BitBull on X added, “BTC has broken above all major resistance. If it holds here, price discovery could be next.” A breakout above $104,900 would confirm the triangle’s upward move and may lead Bitcoin toward uncharted territory.Source link

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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