$BTC

🔥On October 6, BTC once soared to a historical high of $126,199, but the bulls seemed a bit powerless at the high, and the price pulled back a bit💨. Now it has fallen back below the breakout level of $124,474. Although it's a bit precarious, don't panic— the 20-day moving average ($118,173) is still rising, and the RSI is in the positive range, so the bulls' confidence remains strong💪.

Next, let's look at the key points:

👉 If buyers can regain momentum and push BTC above $126,199 and stabilize, that will be a strong breakout! A new round of upward trend will be ignited🔥, with the target directly aimed at $135,095.

👉 However, if the price continues to dive and falls below the 20-day moving average, it will be troublesome. This indicates that the market does not accept the breakout of $124,474, and the trend may continue to retreat towards the 50-day moving average (around $114,288) to seek support.