Bitcoin surged strongly yesterday, rebounding to around 97,900, just one step away from the 98,000 psychological level. From a technical perspective, this wave of market movement has been quite impressive — from the bullish setup starting at 90,000 to touching 98,000 yesterday, with an increase of nearly 8,000 points, fully validating the feasibility of the bullish strategy.

How to interpret the market? On the four-hour chart, after the price surged, there are signs of a pullback. This is actually a normal rhythm — the pullback is the preparatory phase for the next upward push. As the price rises, moving averages begin to move in unison upward, and the short-term retracement is a sign of bullish momentum.

The daily chart provides a clearer picture: the price has broken through the upper resistance of the range-bound consolidation, and the 2025 low point at 95,000 has shifted from support to a testing point. The upper band is beginning to expand outward. From this perspective, the bullish upward space has been opened, and the 100,000 level is very likely to be reached in the subsequent market movement.

In terms of trading strategy, intraday pullbacks to the 95,800-95,300 range can be considered as bullish opportunities. The initial target is to observe the breakout of 98,000, and after that, aim for the 100,000 level.