🚀 BTC Breaks $120,000: Key Structure Confirmed, Next Target $125,000!

🔍 Core Chip Structure Analysis

✅ $117,000 Becomes New Support: Price Returns to This Range, Confirming the $112,000-$116,000 Trading Zone as the "Safety Cushion."

✅ Double Anchor Structure Valid: The Previously Anticipated **"Lower Bound Support → Upper Bound Resistance"** Path is Being Realized!

📊 MVRV Extreme Deviation Channel Guidance

Current Channel: Yellow Line (Support) ↔ Orange Line (Resistance, Currently at **$125,000**) Long and Short Scenarios:

1️⃣ Breakthrough $125,000: After Establishing, Target **$137,000 (Red Line), Entering a Higher Volatility Range.

2️⃣ Encounter Resistance and Fall Back: If Unable to Break Through, May Retrace to $117,000** Support, Testing Market Resilience.

⚠️ Key Operational Tips

Short-Term Bulls: Pay Attention to the $125,000 Breakthrough Situation; If Volume Breaks Up, Hold Positions for a Bet on $137,000. Risk Prevention: If a False Breakout Occurs and Drops Back Below $120,000, Be Cautious of a Retracement to $117,000.

🌌 Mid-Term Outlook

"Ladder-Type Increase" Remains the Likely Path, But the Process Will Certainly Involve Significant Fluctuations.

Remember: Pullbacks in a Bull Market are Just Picking Up Passengers; As Long as Key Support Holds, the Trend Remains Unchanged!

#Bitcoin #BTC #On-Chain Analysis #Breakout Trading

💎 Forward Reminder: The Battle at $125,000 is Approaching!