**Bitcoin Technical Analysis**



From the hourly chart, Bitcoin has been repeatedly testing this range over the past few days, drawing lines back and forth four times already. Honestly, this kind of operation has already taken quite a toll on many traders. But it also indicates that the true direction is about to be confirmed.

A triangular pattern is forming on the hourly timeframe. As long as it can break above the key level of 90626, Bitcoin will have the basis to initiate an upward move. Looking upward, attention should be paid to the levels at 91509, 92715, and 93585. Among these, 92715 is a very critical pivot—breaking through it could lead to further gains toward the previous high of 94569. If the rebound only reaches 92715 and then falls back, it indicates insufficient upward momentum; but if it breaks through smoothly, it could take off.

**Trading Strategy Reference:**

For short-term trading, if 90508 is broken with volume, consider going long on the right side. Conversely, if 90318 is broken with volume and the rebound fails to recover, consider going short. Remember one thing—be sure to set proper stop losses.

Once the hourly level stabilizes above 90626, it’s basically a sign that a breakout is ready. The levels at 91509 and 92715 are two important relay platforms; confirmation of a breakout is crucial.

**Four-Hour Dimension Reference:**

Looking at the four-hour chart, if the price falls below 89393, then watch the levels at 88875 and 87970. If 89393 is breached and cannot be recovered, the four-hour timeframe may start to trend downward in adjustment.

**Daily Level Major Direction:**

Zooming out to the daily chart, the most important obstacle now is the upper boundary of the triangle at 93759. As long as it can hold above 93759, it signifies a true reversal on the daily level. Meanwhile, the key support below is at 88845—if broken, the daily timeframe could reverse downward.

A practical approach: you can try to buy high and sell low within the range of 93759-88845. Near 93759, consider shorting; near 88845, consider going long. Breakouts or breakdowns should be stopped out decisively. How many waves you can ride depends on luck and market feel. Additionally, keep a close eye on volume changes, as they are often a precursor to breakouts.

In summary, Bitcoin is at a critical crossroads. The direction is about to be determined—just be prepared.
BTC-3.88%
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faded_wojak.ethvip
· 12-13 11:46
Once again, it's the same trick of drawing lines repeatedly, really impressive... If it can't break 90626 this time, I'll be laughing.
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NFT_Therapy_Groupvip
· 12-13 11:33
Starting to draw lines again, can we stop embarrassing ourselves this time?
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GamefiHarvestervip
· 12-13 11:22
Drawing lines again. Will it break through 90626 this time? Feeling exhausted just looking at it.
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