#比特币技术面分析 The chip concentration has decreased from 14.9% to 14.5%, and this subtle change is actually very significant. Murphy's analysis captures the core — when the price rises while concentration decreases, it indicates a loose distribution of chips, and large holders are not continuing to push the price down. Under this pattern, the probability of a rebound is indeed higher.

I've been watching the accumulation at the $87,000 level with 822,000 coins for a few days. Intense disagreement between bulls and bears is common, but the signal that the turnover point is shifting to the right won't deceive. When the candlestick breaks above the descending trend line at 90,588, I was just tracking the position changes of a steady trader. His pace of adding positions aligns highly with the technical situation, which gives me more confidence.

But to be fair, judging the range between 92,000 and 104,000 sounds comfortable, but the biggest risk in real trading is fake breakouts. My strategy is this: if it really breaks below 87,000 and returns below the descending trend line, causing the chip concentration to rise again, then immediately adjust your position and don't stubbornly hold on like a gambler. Following others' trades, stop-loss is always more valuable than bottom-fishing. Currently, the probability of a rebound is higher, but risk plans must be prepared in advance and wait for the data to speak.