BTC yesterday reached around 98,000 as expected, and the current upward trend is quite regular. Observing the complete movement from yesterday, the rebound from the support level of 94,500-94,700 resulted in a stable increase of over 3,000 points. This retracement level is quite interesting—it just happens to be at a key support, then directly breaks upward, and the entire process lacks obvious shorting opportunities.

From a market structure perspective, 98,000 is just a relay resistance level and not a top. After a pullback and adjustment, the probability of continuing upward is higher. If this rhythm continues, it is reasonable to infer that 101,000 will be the next target. In other words, from the current position, there is still about 4,000-5,000 points of upward space.

The key point now is to wait for confirmation of the 98,000 resistance. If it can be effectively broken, then look towards the 100,000 level. If a correction is needed, my expectation is that the 95,000-95,700 range may see a pullback. Where it can go specifically will be more reliably judged after reaching 100,000. The current market rhythm is still quite smooth, but the magnitude of adjustments during the upward process should always be monitored.