According to Mihir (@RhythmicAnalyst) on Twitter, a single trend line can be highly effective for understanding Bitcoin ($BTC) price action. By focusing on simplified technical analysis, traders can quickly identify support and resistance levels, which are critical for making timely trading decisions. Mihir's chart suggests that streamlined approaches may reduce noise and help traders capitalize on Bitcoin's volatile market trends (source: twitter.com/RhythmicAnalyst/status/1935470685725278246).