In the current market, the major trend is clearly bullish. The pullback around 93000 on the 12-hour chart on April 30 was determined to be a short-term bottom, and at that moment, the target was set towards 100k. This wave may not reach 102500-105000, and it is unlikely to turn downward. The process of rising will be somewhat tortuous, with repeated horizontal fluctuations in the strong turbulence zone.

During this period, BTC's pullbacks have been on the 2-12 hour level. So far, there has been no bearish divergence on the daily chart. It is obvious that it has not peaked yet. 96600-97700 is a strong turbulence zone, similar to 92500-93800, and it will be tested repeatedly. If it stabilizes above 97300 (closing above 97300 and maintaining for 48 hours), then the door to 100k will be wide open.