The midnight market shows strong bullish momentum, breaking the intraday consolidation phase. Although the price has not yet broken through the upper resistance level for continuation, multiple tests of the upper resistance area are enough to prove the strength of the bulls. The trading strategy is basically in line with expectations, and the actual trading of Bitcoin has taken profits at the previous high position, with overall performance being ideal.

From the current market perspective, the daily structure has entered a phase of consolidation and correction, with a relatively small pullback, categorized as a shallow pullback. Bitcoin is currently operating in a wide-ranging fluctuation zone, rebounding after receiving support around 97500 at the low, and has now returned to the area above 99000. Going forward, it is essential to pay close attention to the pressure level at 100000. If the price can further break through this area, it is expected that the market will continue to rise. In the short term, Bitcoin's trend is still in the phase of repair and consolidation, waiting for the sustained strength of the bulls. Once it breaks through the current resistance level, it is very likely that the price will rise above 100000.

Buy Bitcoin at 98700-98400, target around 101000.

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