The weekly count is up; currently, it is the 9th upward wave. If it directly breaks the previous high of 109,588, it would mean the end of the bull market.

Currently showing a U shape; looking at the volume, a downward breach indicates a top formation. The MACD is about to cross upward, indicating bullish sentiment. If the gains you see now are realized, it means the market is already lagging, so you should not chase the rise. The high point drawn at a 45-degree angle indicates resistance around 96,500; breaking above more than 1,000 points equals around 97,500.

The American-style controlled head index is experiencing a slow bull, long bull, and short bear... which means breaking the 45-degree resistance indicates that the short-term bullish has peaked. This suggests that the most likely scenario is a transition from wave seven to wave eight, which aligns with the pit-style long bull.

The monthly line is flat; looking at the daily line, it shows a controlled pattern. The moving averages have crossed bullish and have reached a 45-degree angle on the weekly chart, breaking above around 97,500.

According to reasoning, this week's closing will show a short bullish entity or a doji star; the key moment for a change is approaching.

From the above analysis: the risk of going long at the current level is very high; the principle of waiting is to look for the daily line to display a shallow V-shaped oscillation structure, which you can understand as the middle of a '几' shape. Once the middle point oscillates out, it will look for the '几' shape's double bottom structure, which will finish below around 74K.

Many people dare not to hold BTC; aside from position management and leverage, the biggest reason is that the timing of holding is incorrect, leading to prolonged positions and a collapsing mentality. If the timing is right, entering could yield floating profits within an hour, taking profit on half a position after several hours, and with the remaining half, you'd have the courage for significant profits.

Fans of the observation group can take screenshots to publicly verify today's analysis!