It is inevitable that Bitcoin will pull back to below 88,000, and it is also inevitable that it will rise to more than 100,000 US dollars. It is just a matter of order. As for whether it pulls back first or rises first, there are many factors to consider. I personally mainly observe two factors, one is the contract trading volume, and the other is the contract funding rate. Now the Bitcoin trading volume has reached a record high, but it has been slow to break through the 100,000 US dollar mark, and now the Bitcoin contract rate has reached 2.5 per thousand, that is, to do more than 10,000 US dollars in Bitcoin contracts, you have to pay 7.5 US dollars in funding fees, which is 22 US dollars a month, and more than 25% of the funding cost a year. This shows that Bitcoin is already in a serious overbought range, so I personally judge that it is better to pull back first and then pull up. Only when Bitcoin pulls back to below 88,000, the market begins to show pessimism, and the trading volume and funding rate are seriously shrunk. This is the time to pull up again and rush to 100,000 US dollars. At that time, it will pull up to 100,000 US dollars in one go, instead of consolidating for too long now, which will inevitably fall! ! !