Recently, Bitcoin has been repeatedly testing near the descending channel line around 90000 to 91000, and whether it can successfully break through has become key to determining the market direction. If the breakout is successful, a new round of rise will follow; otherwise, it will continue to retrace.

Careful observation will reveal that BTC has been trying to push upward during this period, with fluctuations of several thousand points each time. The reason behind this is simple - there is too much selling pressure above. Whenever the price breaks upward, it is immediately knocked down. However, there is a positive signal: the highs are continuously rising. This indicates that the bulls are gradually regaining ground, and in the last two days, there may be a real attempt to attack the key channel line at 90000-91000.

This position has not been truly tested in the past month. If it fails to rise from here, shorting can be considered. Based on recent volatility, there is a probability of fluctuating 2000 points around the trendline resistance. Therefore, keep a close watch on the 90000-91000 level—if it successfully stabilizes, we will shift to a bullish outlook; if it fails, the downward trend will continue.

Recently, the holiday season in the United States is approaching, and market volatility may increase. Everyone should pay more attention to market trends and must not stubbornly hold positions.