BTC Daily Structure Deep Analysis:
The current price is close to several key support areas. If these levels are not broken, the market situation remains stable. However, once it breaks below, the risk will increase sharply.
When approaching these key points, consider small position contract operations, but if the price breaks below the support level, you must immediately stop loss and avoid any complacency.
Primary Support:
The most important support level is the lower edge of the high-level rising parallel channel, around 95,000. If this support level is broken, it will break the upward trend of the channel, potentially transforming into a flat channel or indicating that the market has peaked and is beginning to enter a downward trend.
Secondary Support:
The lower support of the daily Bollinger Band is roughly at 93,500. Looking back at the rise from 52,000 to 108,000, the Bollinger Band has successfully bounced back twice and maintained support (Ethereum has shown similar performance). Therefore, this time the retest of the lower Bollinger Band is also very critical; once broken, protective measures must be taken quickly.
Final Support:
The last key support level is near the ice line at 88,000, which is also point D in the butterfly pattern. Once this support is broken, it could trigger a significant correction, so high vigilance is required.
