Bitcoin has reached a crossroads for direction again, and time is running out for the bulls!

The previous article mainly discussed my views on ETH (Qingmei Stewed Coin: Analysis of ETH's Structure and Possible Price Levels), this article will talk about BTC, let's first look at the chart.

In logarithmic coordinates, the upper side of the market is the downward trend line, and the lower side is the upward trend line. The market is oscillating between the two trend lines, with increasingly narrow space, leaving little time for the bulls.
For the bulls to move upwards, they must first break through the downward trend line with increased volume. The current position of the trend line is around $87,700, which coincides with the chip pressure level. However, breaking through the trend line is not enough; the market needs to stay above $91,000 for the bulls to gain an advantage.