When we look from 110,000 to 98,000, the target point has also arrived. Why has the outlook turned bullish? Let me analyze the current market and a pattern in the cycle for everyone one by one.

If it were a bear market, Bitcoin could not possibly stay above 100,000 for 7 months. The current trend is very different from a bear market; global monetary easing and institutional funds are poised to act, which is conducive to a bull market;

The weekly support level has not been broken, and trading volume is moderately increasing, which is a typical accumulation pattern indicating institutional movement: institutions like Grayscale are continuously increasing their holdings, while retail investors are selling, the institutions are picking up chips, which aligns with the characteristics of a bull market's early stage;

Personal operation suggestion: layout in the range of 102,000–102,700, target 104,800. If the trend is strong, look at 106,000! $BTC