Bitcoin is still fluctuating within a larger range. If a deeper correction occurs at the beginning of next month, I will closely observe the range of $97,000 to $99,000—this area converges three technical resonances: the mid-axis of the oscillation, the 0.382 golden ratio level of the upward wave segment, and the gradually rising 200-day moving average.

Conversely, a strong breakthrough of the historical high is also possible. However, given the current price trend of false breakouts, I prefer to remain on the sidelines and wait for the right moment.