Bitcoin has successfully crossed the 100,000 mark, demonstrating a strong upward momentum. In the analysis from a few days ago, we discussed whether Bitcoin might be at the end of the fifth wave of the yellow route or still in the consolidation phase of the fourth wave. Based on the assessment of market trends and personal preferences, it is inclined to believe that Bitcoin is moving towards the upward cycle of the fifth wave. The initiation of this wave indicates that Bitcoin's price will reach new highs.

Pay close attention to the movements of the MACD indicator. When the MACD shows a pullback and turns into green bars, it is a good opportunity to gradually establish long positions. Given that Bitcoin's target price is above 110,000, the current price level clearly still has potential for further increases.