A New Week: Every time we reach a round number, there tends to be a pullback, can the recovery of the upward breakout continue?

On the day of Trump's election, the bull market officially kicked off, and within the circle, it surged ahead, with Bitcoin leading the way, rising from below 70,000 to around 90,000. Although it briefly faced pressure at 90,000, it has seen a drop of nearly 5,000 points and is currently touching the 100,000 area. Many are waiting for a pullback to short; will this really happen? Let's take a closer look.

On November 11, it surged straight to 90,000, gaining 10,000 points in one day. At that time, many were optimistic about the continuation of the bulls, but the result was contrary to everyone's expectations, giving the bears a chance to breathe. The rhythm showed a pullback. I mentioned before that a strong stretch followed by a pullback is a normal retracement in the trend, but it did not affect the bull market. Moreover, that stretch was merely a push in the trend, and it would ultimately rise again; the pullback was just to accommodate the return of the technical structure.

In contrast, today's rise can be seen as a normal upward trend following a pullback, basically occurring under a stabilized state. The technical structure is also in a normal bullish state. Therefore, it is clear that at this stage, although we are at a high point, testing the 100,000 mark, the story will definitely not repeat itself, and the bears won't get the pullback they desire. Currently, the technical structure still shows strength, with no signs of a pullback. There will no longer be lateral pressure at the 100,000 mark; breaking through it would lead to soaring heights, and the bull market does not signal a peak. The lateral pressure is just a fleeting dream. So, how should we operate in the medium term moving forward?

From the current technical structure, the consolidation is moving upwards, one and a half steps back, accompanied by a strong posture as time passes, surging rapidly without any significant pullback in sight. The high position of this month is merely the bottom for next month. Therefore, in the face of the trend, do not fear the heights; there are only higher levels to reach. What you once thought was the 100,000 mark was a dream; today I can tell you that your next dream is at 150,000. As always, let’s wait and see, dear bull friends, we will meet at the peak.

For next week's medium-term strategy, we will consider pullbacks as buying opportunities:

In terms of operations, I personally suggest buying in the 94,000-96,000 range, aiming for 105,000-108,000.