#比特币价格反弹 Seeing the chip data from this rebound, my mind immediately flashed back to several key points before the 2017 bull market. Murphy's analysis triggered an old observation of mine — whenever the chip concentration shifts from rising to falling, it often indicates a subtle change in market sentiment.

The $87,000 level has accumulated 822,000 BTC, a volume not unfamiliar in history. I remember similar chip accumulation during the rebound at the end of 2015, and the subsequent trend was a steady upward move. Of course, the market capacity and participant composition were completely different then, but the fundamental logic of chip game theory remains universal.

The key now is that the breakout of the downward trendline has been completed, giving us a relatively clear technical signal. If there's a risk of a false breakout followed by further decline, it depends on whether the $87,000 support can hold. Once this level is broken, and chip concentration rises again, a reassessment will be necessary. But from the current data combination — decreasing chip concentration, slow price increase, confirmed technical indicators — the probability of a rebound is indeed higher.

The range from $92,000 to $104,000 is a reasonable movement space, and this relatively moderate expectation is actually more reliable. Aggressive rhetoric often leads to pitfalls; history shows that the most profitable markets are not those that soar instantly, but those that advance steadily on a solid chip foundation.