Bitcoin Daily – Multi-Line Magnet in Play

📊 Bitcoin Daily – Multi-Line Magnet in Play

Price, Time, and Structure Align

I’ve added a new trendline connecting the last two deep hits.
Technically, the second hit broke the old flag structure – but honestly, that’s not a real problem.

👉 The overall swing structure remains intact.
The new line now perfectly fits the current market rhythm.

What’s really interesting:
This new trendline converges exactly at the same magnetic zone I’ve been tracking – around 96,944 USD.
It aligns with the previous horizontal key level, the EMA projection, and the crosspoint I marked earlier.

This kind of multi-line confluence often acts like a price magnet.

👉 What I love about this setup:
If price really pushes into this zone, it would cleanly stab through the old flag structure – a typical panic trigger that shakes out many traders.

📌 Also worth noting: Another day has passed since my initial idea, and the current price action has technically proven that it’s possible to push lower.
The path to the target remains open.

👉 Stop-Loss Logic:
For this setup, the cold stop-loss sits just below the midline of the weekly Bollinger Band.
If this level gets broken, the overall structure is technically invalid.
But I wouldn’t place the stop directly on the midline – it’s smarter to give it a small buffer to survive potential liquidity sweeps.
Typically, this level doesn’t break cleanly on the first touch.

Let’s see how this plays out.