Bitcoin faces resistance at the 100,000 mark, and in the worst-case scenario, it could drop to 87,250.

Although Shuqin hopes that BTC will soar straight up, it's rare in the cryptocurrency world for prices to only rise without any drops; it's very normal to see a pullback after a significant increase.

So for now, let's play it safe. I won't enter the contract position just yet; I will wait for a signal, which is when it breaks the previous high and confirms an upward trend again before I enter a right-side trade.

For a left-side entry, it must drop to a key support level before I enter, such as aiming for a small rebound around the minor support of 94,800, and then entering fully at 87,250. After all, contracts involve leveraging, and without a confirmed trend or when not at a support level, it’s easy to run into trouble.

As for the spot market, where there is no liquidation risk, Shuqin still chooses to hold, because in the long run, Bitcoin pullbacks are temporary. 100,000 is just the starting point, and I expect it to reach between 120,000 and 140,000 by January next year.

The same goes for various altcoins in the spot market; there will be even greater gains ahead, but you have to wait for Bitcoin's current consolidation to end before it can continue to soar. The bull market is expected to last nearly a year, so be a bit more patient, and walk with me to the end!