The short to medium-term price of Bitcoin has risen as expected, having now broken through the key resistance level of 92,000. The price has returned to an upward trend.

For those who held positions at lower levels, whether in spot trading or with low leverage, if you chose to increase your position after stabilizing at 88,000, your overall profit is now quite considerable.

What we need to do now is to either take some profits or choose to exit, while paying attention to the 88,000 level. If the market experiences a pullback without breaking this level, it will still present us with opportunities. Additionally, if there is a pullback to 88,000, the market will be technically more refined. This is how the market operates; it goes up, down, three steps forward, one step back, which is common sense.

The current price of Bitcoin is 93,500, which is at the end of the upward trend demonstration chart we discussed earlier. Theoretically, this forms a resistance level. Whether it can break through this position to challenge the 100,000 mark or choose to pull back, either option will only be beneficial for future market trends.

First, we must clarify that the market has completed its bottom formation, and we anticipate that the 100,000 mark is merely a primary narrative target for the future.

From the current market perspective, if Bitcoin experiences a pullback, it will bring many opportunities for altcoins. $BTC