Wave Theory Interpretation:

With the successful breakthrough of the key resistance at 99064, the validity of the third phase of the blue main upward wave is technically confirmed, suggesting that this round of rebound initiated from 74508 has successfully exited the oscillation structure and entered a trend strengthening phase. This paragraph can be seen as the first advancing wave with 'five-wave' momentum characteristics since the previous decline. If established, the subsequent rise will have continuity, targeting the previous high resistance at 109588, and further possibly challenging the golden ratio expansion near 125000. The current strategic focus shifts to the blue median support at 99627, where it is crucial to test whether this rebound still belongs to the unfinished main upward wave. If the price retraces without breaking 99627, the 'wave within a wave' extension hypothesis remains intact, and the upward structure has the potential to extend again; however, if this level is broken, one should be cautious that the current upward phase may be nearing its end, and the market will enter a larger-scale adjustment or oscillation consolidation phase. Therefore, the current structure is entering the 'pullback confirmation period after a breakout,' and observing whether an effective pullback platform for the ascending channel is constructed will determine the evolution path of the mid-term trend. $BTC