#比特币技术面分析 Seeing the dense chip zone at $87,000, I was reminded of the pitfalls I fell into early on. Back then, I didn't understand chip distribution; I would follow the price swings blindly, chasing rallies and selling off in panic, only to get completely wiped out.

Murphy's analysis this time highlighted a crucial detail: the formation of massive volume bars essentially indicates that bullish and bearish forces have reached a critical point. In other words, when so many chips are accumulated within the same price range, it suggests that both institutional and retail traders are entangled here, and neither side has gained an advantage. This usually signals that a directional decision is imminent, but the actual move depends on who can take the lead.

What I want to warn is not to get carried away by the "bullish technicals" conclusion. I've seen too many people rely solely on single-factor chip analysis to go all-in, only to be caught off guard when the market reverses. Those who last long understand that whether $87,000 can hold depends on subsequent trading volume and macroeconomic conditions. If trading volume remains sluggish, this support level could turn into a scythe.

The next most important step is to set a proper stop-loss point. Don't wait until chips break through to regret; preparing in advance is the way of seasoned traders. While the directional choice is close, it doesn't necessarily mean it will move in the way we want.