Although Bitcoin has been relatively weak recently, the overall structure is actually quite stable, and there hasn't been a dramatic "crash" trend. The chart shows an upward support line, and every time the price is driven down, it is caught by buying pressure at this line, indicating that the market has not given up on the long-term goal of reaching $100,000.

Currently, there is a lot of pressure above Bitcoin: the 50-day, 100-day, and 200-day moving averages act like a "three-layer ceiling" obstructing upward movement. However, the key point is that it hasn't broken the structure. Each pullback has been very "restrained," unlike the distribution seen after a peak, but rather resembles a slow accumulation of funds. If the market were really going to crash, this upward trend line would have already been broken.

The RSI is currently in a neutral zone, indicating that the market is neither overheated nor in a state of panic. This stable state is a typical characteristic of a "bottom being gradually formed." Trading volume remains balanced, with no panic selling, nor the explosive volume surge that usually occurs before a peak, indicating that we are still "building a foundation," not at the end of days, nor at a climax.

The next key challenge for Bitcoin is $95,000. Once this level is broken, it will truly begin to touch the "six-figure door." But the premise is that the moving average pressure must be effectively broken.

In simple terms:

The upward trend line below is still intact → Structure is safe

The moving average pressure above is very strong → Short-term upward movement is difficult

No panic selling, nor signs of a crash → The market is gathering strength

If the support line is not broken → There is still a chance to hit $100,000

So, Bitcoin currently seems to be warming up in place. It won't "take off" before breaking resistance, but as long as the support holds, its upward trajectory is far from over.