Interpretation of today's market trend and operational ideas:

$BTC rebounded yesterday but has not yet broken through the 100,000-point mark, pulling back to around 97,200 with limited strength. Last night, it once again surged strongly, breaking through to a new high near 99,650, just a step away from 100,000;

From a technical perspective, the daily chart and higher levels still show a strong bullish trend. However, the upward momentum on the 4-hour chart is insufficient. Although it has risen several thousand points from 90,000-92,000, there is still a risk of a top divergence on the 4-hour chart. Special attention should be paid to the strength of the pullback here; it should not break below 96,500. If it does break, it is likely to pull back to around 93,000, making it more difficult to break through 100,000;

100,000 is a round number and a psychological pressure point. Once it breaks, it could quickly rise by two or three thousand points. Before breaking, the bulls need to gather strength.

For today's market, we first look at this pullback, focusing on short-term support around 97,500. If it breaks strongly, watch around 96,500. Regardless of whether it can break through, there will be a rebound. If it breaks strongly, look at around 95,000, and then 93,000.

If it can stay above 96,500 over the weekend, the 100,000 point will definitely break, and it will be quick. If it breaks, look for around 102,000.

Operationally, still focus on buying on pullbacks, and only take short positions if there is a small degree of divergence. Focus on short-term strategies at the 100,000 point.