BTC Mid-term Forecast: It's difficult to create a new high, with the maximum increase to around 100,000.

1) Volume is the determining factor for the direction of the trend and the extent of price movements. Looking at the daily trading volume, it is decreasing;

2) It is estimated that BTC will follow a three-wave structure on the daily chart, meaning it will rise to the 0.786 level, which is around 100,000. Given the decreasing volume, it is very difficult to create a new high;

3) In a pessimistic scenario, the price will rise to the 0.618 level, which is around 96K, and then end this wave of rebound.