Bitcoin's recent movement has confirmed some previous judgments. Although a significant rebound as expected has not occurred, the overall direction is basically in line with expectations. To be honest, such rapid surges are often unrealistic; the key is whether the structure has been broken.

From the perspective of Wyckoff theory, the current market is in the strong emergence phase of Stage D. Recently, focus should be on the 90 level support on the 4-hour chart. If there is an effective pullback here, the rebound opportunity becomes clearer. In the short term, consider shorting at the high points of the rebound.

The upcoming rhythm is likely to be as follows: consolidation within the 90 to 94 range, possibly forming a converging triangle, bull flag, or other consolidation patterns, all indicating a continuation of the upward trend. The first target is around 99; if a smooth breakout occurs, the second wave could aim for around 107.

In the long term, I think 107 or 108 might be a relatively high point, after which a pullback to the 5 to 6 range could occur. Of course, this is just a projection based on the current structure. How the subsequent market evolves will become clear once the specific break levels are reached.