In the past few days, those watching Bitcoin's movements have been focusing on the integer level of 95,000, but to truly understand the market, you need to look at the structure, not just these psychological levels.

Open the 4-hour chart and take a close look; you'll notice a very interesting phenomenon. After the first surge and pullback, the price halted its decline around 94,000. Then, the second attempt to push higher failed, and it retraced again, still holding above 94,000 without breaking below. Two retracements in the same area—this is not a coincidence—it's the market voting with its actions to establish the cost line.

So the real logic is this: 95,000 is an emotional level, while 94,000 is a structural level. The emotional level relies on everyone's psychological expectations, whereas the structural level depends on the cost of capital. The difference is significant.

If the 4-hour chart effectively breaks below 94,000, the structure is broken, and the subsequent trend will be a different story. But as long as this line holds, the bullish story can continue.

Speaking of which, many people overcomplicate technical analysis. Whether using moving averages, trendlines, or various indicators resonating together, at its core, it's all about one thing: finding a structure you can understand and repeatedly verify. Some panic at a pullback, while others remain patient at the same level. The difference isn't really about how many indicators you look at but whether you have a clear, verifiable set of judgment criteria.

When you know where you might be wrong, you won't fear the possibility of being wrong itself. Trade with stop-losses, respect the structure you believe in, and market fluctuations become just a process, not psychological torment.

This is why the same candlestick chart can tell completely different stories to different people. It's not that the market is complex; it's whether you've established your own logic for analyzing the chart.

Finally, here's a question: if the price retraces to 94,000 a third time, do you think it's continuing to confirm this support line, or is this time really a breakdown? The answer to this question actually reflects your level of understanding of market structure.

Let's only talk about structure, not predict directions.