From the hourly chart, the current market is in a high-level oscillation state, and the retracement has not breached the 100,000 mark. This type of pullback after a surge is actually within the expected range.
Therefore, we do not need to show excessive concern about the current high-level performance; operating in line with the overall market trend is the more prudent approach.
After all, in the current bull market environment, the bullish forces still firmly hold the dominant position in the market, and this retracement process is actually accumulating energy for the next surge.
Bitcoin Specific Operation Suggestions
You can consider entering a long position in the range of 101500 - 101000, while the profit target area looks towards the range of 104000 - 105000.
