Last week, I mentioned that Bitcoin needs to stabilize above 90,500 and then target 94,500—this level is indeed very critical. Once it breaks through here, there’s a chance for 98,000 to 99,000.

What is the current situation? Although the weekly MACD fast line DIF has started to turn up, the KDJ has just crossed over at 47 and is still far from the top. Since 94,500 has been held, the market definitely won't surge straight up. The real strong resistance is in the 99,000 to 102,000 range.

The key question is—if BTC oscillates repeatedly between 94,500 and 99,000, and the weekly indicators show bullish signals, then the signs of a bull market will emerge. But honestly, the timing is still early. The oscillation in this range requires support from daily and medium-term indicators to be convincing. Fortunately, the daily indicators are currently showing bullishness.

Yesterday, the price touched 94,070, approaching 94,500, but it hasn't truly stabilized and broken through this level. Short-term indicators tell me that a correction is inevitable. The medium-term outlook remains bullish. At this pace, the low point of tonight’s pullback should be around 93,200, before attempting to move higher again. The ultimate goal is still to break through 94,500 and head towards 99,000. Once 99,000 is broken, a rapid rally is likely.

If the subsequent development is a repeated oscillation between 94,500 and 99,000, don’t rush—this process could last for several weeks. Only with such thorough brewing can we see the market truly enter an upward trend. Conversely, if 99,000 reverses, it will confirm a bearish signal.

That’s all for now. As the market evolves, I will continue to update the outlook.