【Technical Analysis】

Today’s BTC movement was quite volatile. It broke through the converging triangle area early in the session but quickly retreated, leading some to think the trend might reverse. However, it found support below and made a second attempt to push higher. More importantly, this time it successfully broke through the upper boundary of the descending channel—an area that had been tested 4 to 5 times without success, so this breakout carries unusual significance.

From a pattern perspective, the sharp decline this morning was most likely a trap to induce short positions, and the converging triangle was essentially fully broken. The current focus is on whether the daily chart can hold above the MA20. If it does, a strong rebound could be on the horizon.

**Key Reference Levels**:
- Resistance levels: 89700 / 92200 / 94000
- Breakout target: 92700 (breaking through here increases the probability)
- Stop-loss point: 86400

The short-term momentum is still actively building, so closely monitor the price action at these critical technical levels.