Will Bitcoin continue to rise? Or will it pull back below $100,000?

In the short term, there is indeed still room for growth, but the current upward space is quite limited. One should not expect a large bullish candle or a market where thousands of troops meet; $109,700 may be the limit, and to reach this point, it must first break and stabilize around $108,300.

In the medium term, before the Federal Reserve confirms the next interest rate cut, there will still be a significant drop for a washout, and the depth of this washout will likely break below $100,000, approaching around $95,000. If this happens, that position is still a relatively optimistic price.

Of course, in the long term, the market in the second half of this year will still be relatively optimistic, with at least 1-2 opportunities to break historical highs, as expectations for rate cuts remain, and institutions represented by Wall Street are still accumulating coins. Each halving typically leads to a major bull run, and as long as the fundamentals remain unchanged, it is predictable.

ETH has performed relatively strongly during this period, but as the market oscillates over time, it is gradually weakening. The current rebound will likely break above $2,650, aiming for $2,720, but the higher it goes, the greater the risk.

Overall, Bitcoin is at the tail end of a range-bound market. After repeated ups and downs, the probability of it weakening further is greater now.