Bitcoin's pullback yesterday exceeded expectations. The original plan was to pull back to 0.382, around 95,000, but it actually pulled back to a larger level of support at 0.5. Combined with the previous low near 91,000, it finally settled around 92,000.

After a daily high, it pulled back again to 0.382, with the low being raised. There is an expectation of a short-term head and shoulders bottom. If it breaks through 98,000 with volume, the bottom will be considered completed, and the next target will be 100,000.

Trading suggestion:

Two strategies: follow the trend and chase long if it breaks through 98,000 with volume, making the breakout.

For a dip buy, focus on a pullback to around 95,500 to 96,000. If it effectively drops below 95,000, exit the position, as the risk-reward ratio is relatively high.