It's been a while since we last discussed technical analysis, so let's take a look at how Bitcoin might move next.

On the daily chart, the price has been oscillating within a broad range of 84,000 to 94,000 points for the past two months, typical of a sideways consolidation. However, on the weekly chart, the previous channel has been broken downward, but this isn't necessarily a bad sign—on the contrary, it has formed a demand zone at lower levels.

There are two particularly important levels to watch: 9.4 and 9.9. Based on the dual confirmation from the daily and weekly charts, the 9.4 level is a key point for determining whether the market is initiating a move from low to high, while 9.9 serves as another line of defense to judge whether the subsequent market can strengthen. Both levels are critical.

Potential opportunities and risks coexist. The most important thing to watch out for is false break traps—these fake breakouts often occur at key levels and can easily cause traders to miss out or get shaken out. It's necessary to confirm the true breakout direction with volume and pattern analysis, rather than blindly chasing highs. Every step of the market movement must be carefully assessed.