Bitcoin has seen a slight pullback, but the overall upward trend remains, and there is a high probability it can reach a new high later.

Bitcoin fell below 117,900 last night and is currently in a 1-hour level pullback. Some are concerned that after half a month of volatility, it hasn't stabilized above 120,000, wondering if it's about to peak? In fact, it's more likely just a temporary pause, and after this pullback, it could surge to a new high before the daily upward trend potentially ends.

Currently, it appears that the Bitcoin pullback isn't over and might fall between 116,000 and 117,000. As long as it doesn't drop below 115,500, after the pullback ends, it will restart the 1-hour level upward movement, with the potential to accelerate above 123,000. In the short term, at the 15-minute level, it is still trending down and needs to drop further below 117,000 before a rebound can occur.

Ethereum $BTC $ETH $XRP #Strategy未增持BTC is also following a pullback and is currently in the third 1-hour level consolidation range. Following a drop from 3941, if it falls below 3731, it may stabilize between 3650 and 3700, and then continue to rise above 4000. Whether it can break 4107 still depends on future trends.

Overall, the big direction hasn't changed: weekly, daily, and 4-hour levels are all moving upward; after the 1-hour level pullback is complete, the outlook remains bullish; and the 15-minute level is in short-term adjustment. Everyone should be patient, wait for the pullback to end, and then seize the opportunity for a surge.