The midnight market shows strong bullish momentum, breaking the intraday consolidation. Although the price has not yet broken the upper resistance level for continuation, multiple tests of the upper resistance area sufficiently demonstrate the strength of the bulls. The operational strategy aligns with expectations, with the actual trading of Bitcoin taking profits at previous high positions, showing overall ideal performance.

From the current market perspective, the daily structure has entered a phase of consolidation and correction, with a relatively small retracement, categorized as a shallow pullback. Bitcoin is currently operating within a wide fluctuation range, rebounding after finding support near 97500 at lower levels, and has now returned to the area above 99000. Future attention needs to focus on the resistance level around 100000; if the price can further break through this area, the market is expected to continue to rise. In the short term, Bitcoin's trend is still in a phase of repair and consolidation, waiting for the sustained force of the bulls. Once it breaks through the current resistance level, a price increase above one hundred thousand will be a high-probability event.

Buy Bitcoin at 98700-98400, target around 101000.

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