Wave Theory Interpretation:

The current Bitcoin market is in the later stage of the blue main upward wave segment 3, which started from 74508. After successfully breaking through the key resistance at 99064 and maintaining a strong structure, it is now approaching the previous high range of 106000-109588. If the subsequent peak action in this range is successfully completed, the pattern will basically have the complete structural characteristics of wave segment 3 and is expected to initiate a corresponding corrective wave after forming a top divergence or showing key reversal signals, ultimately targeting the theoretical extended goal of 125000. In terms of structural logic, as long as it does not fall below the effective wave confirmation point of 100465, this upward movement will be regarded as an unfinished state. Moving forward, attention should be paid to whether a 5-wave terminal pattern is being formed at the high position, or if consolidation through a platform is being used to build momentum for another attack, to confirm whether we are entering the final advancing wave or the turning point of a mid-term adjustment. The overall trend remains strong, but the risk-reward ratio is gradually leaning towards structural speculation. $BTC