Today is the closing of the weekly chart for Bitcoin, and it has formed a large bullish candle. Last week, it was mentioned to wait for a breakout to new highs before considering adding long positions; if there is no breakout, just stay on the sidelines and wait to buy.

Currently, the market is in a pullback state on Monday. This pullback is a regular adjustment according to the weekly chart. Even if there isn't a pullback on Monday, there will definitely be one in the following days; it’s just that the timing and the movement will differ. Based on today's market, it is expected that there won't be too much adjustment. Since the recent new highs in the US stock market, Bitcoin has yet to move out of the high-level consolidation phase. From a cyclical perspective, the bullish outlook remains unchanged, and any adjustments present buying opportunities. Do not lower your guard, as there is always a risk of reversal. Be patient; currently, the operational space for Bitcoin is limited. Pay attention to resistance at 109,500 above and support at 105,500 below.