Bitcoin is currently still in a strong cycle, and the daily-level ascending channel remains intact.

This pullback resembles a technical washout; the key support lies in the 108K-110K range. As long as it does not effectively break below, there is a high probability that a more vigorous weekly main upward wave will follow.

The market is brewing the next wave of momentum to challenge the 140K mark. The longer the consolidation washout lasts, the stronger the subsequent breakout tends to be.

It is important to note that when the price truly reaches the 140K target, there may be signs of a temporary peak, and caution should be taken against the risk of a pullback.

The current strategy is clear: maintain support levels and gradually position, waiting for a new round of upward movement. #比特币