Bitcoin (BTC/USDT) has completed a relatively complete three-wave structure and is currently at a potential "pullback" node.

The first wave started from last year's low, after a correction in the second wave, the third wave surged past $100,000, reaching a peak of $109,588. This wave of increase undoubtedly ignited market sentiment and attracted a substantial amount of capital into the market.

But note, the price has begun to oscillate at high levels, with the pullback trend line clearly marked in the chart.

My view:

• Bulls shouldn't get too excited; the market always moves in waves.

• Bears should be cautious; we are still in a large cycle dominated by bulls.

• Short-term operations suggest controlling positions, ensuring profit-taking and stop-loss, and not getting thrown off by the "roller coaster".

Where do you think this pullback will go? Are you a firm HODL, or are you buying high and selling low? Feel free to analyze together in the comments!