Today, Bitcoin has broken through $95,000, which is the result of resonances among policy, capital, and technology. However, high volatility and leverage risks still exist. In the short term, pay attention to the breakthrough of the resistance level at $96,500. In the medium to long term, if institutional capital continues to flow in (such as ETF daily increases exceeding $500 million), the possibility of hitting the institutional forecast target of $120,000 to $200,000 within the year is quite high.