Bitcoin continued to break through and rise yesterday, with a maximum rebound near 97,900, perfectly reaching the target of 98,000 set for yesterday.

Does everyone remember that I started positioning long orders when the price of Bitcoin was at 90,000? First, I was bullish on 95,000, then yesterday I was bullish on 98,000. It has been proven that my thinking aligns with the market trend, with this wave rising nearly 8,000 points. Do you like such positioning?

So, what should we do today? Let's analyze the market. On the four-hour level, after the price surged, it has shown a certain pullback. Only with a pullback can the price better reach new highs. As the price rises, the moving average indicators are also starting to move up, so a short-term price pullback is a bullish signal.

On the daily level, the price has broken through the resistance point of the range oscillation. The high point of 95,000 in 2026 has turned into a support and pressure testing point, and the upper track is also starting to open upwards, indicating that the bullish upward space is opening up. Therefore, the next stage is expected to reach the 100,000 mark.

Today, we are bullish on the pullback in the 95,800-95,300 range, targeting a breakout above 98,000 and looking towards 100,000. The points are for reference only.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value, sharing trading education for free. Bringing stability and clear guidance in the restless trading market, with experience through three rounds of bull and bear markets and years of trading practice, specializing in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, wave theory, and other technical analyses, gathering into unique personal insights.

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