At the beginning of this week, Bitcoin was the first to break through the resistance formed by the descending high point. Subsequently, the price retreated to the bottom of the 935,000 USD range and completed an effective retest confirmation.
Currently, BTC is attempting to conquer the same resistance level again (black line).
From a technical perspective, Bitcoin needs to achieve a weekly closing price that stabilizes above this resistance level to establish a new support foundation. Once the breakthrough of this descending high point resistance is successfully validated, the price is expected to launch an attack towards the 1,045,000 USD target.
