Last night's market was truly unexpected and quite overwhelming. The strategies discussed yesterday mentioned that the bulls were somewhat weak, and the support of the double bottom might break. Indeed, before the evening surge, the overall market trend reflected this. However, the market reversed dramatically in the evening, with bulls directly pushing the price up, charging towards the 100,000 mark.

In the 4-hour structural chart, the K-line pattern of the double bottom support is valid, followed by a strong upward movement, pushing above the moving average. The bulls once again gained strength, breaking the previous short-term downward pattern and returning to an upward trend. Although the daily level has shown consecutive bearish candles, a strong bullish candle has broken the downward channel. Currently, there is still resistance below 100,000 in the short term, so pay attention to the situation regarding this resistance level.

Bitcoin is advised to buy in the range of 97,500-97,000, with a target of 100,000-101,000.