BTC this wave of market movement, we need to analyze it piece by piece.

Do you remember the position at 80,600? I mentioned that the downward trend signal appeared back then, and later it continued to rise, reaching nearly a 17% increase. Yesterday, I reminded everyone — the first round of rally was roughly at its peak. Looking now, the pullback has already exceeded 5.5%, and the validation is coming pretty quickly.

Starting from 80,600, this rebound is essentially a correction of the sharp decline from 126,000 to 80,000, on the daily chart level. If we break it down into a three-wave structure, the first wave is basically finishing, and the next likely move is a retracement adjustment targeting the 80,600-94,588 range.

Occasional spike-like surges do not need to be overthought; they do not affect the main rhythm. After the adjustment completes, BTC should make another move of similar scale upward. I personally believe the entire daily-level rebound cycle may not conclude until January next year, with the target possibly around 98,000 to 99,000, or even touching the 100,000 mark.

Those familiar with my analysis know I like to lay out the logic of different timeframes — this work is not always appreciated. I could just talk about macro trends or focus solely on news, and then I probably wouldn’t get caught in mistakes. But the problem is, identifying the right direction and making correct trades are two different things. When it comes to actual trading, you definitely need to set the direction with a higher timeframe, then find your entry points within smaller timeframes. As for how I trade myself, I simply share my intuition in my posts.