Bitcoin has been fluctuating below $100,000 for about ten days now.

Currently, it is gradually forming a high-level triangular fluctuation structure. Below are two predicted most likely fluctuation routes:

If it is the first one, then the fluctuation time period is almost over, and the market is about to break out in a chosen direction.

If it is the second one, the fluctuation structure continues to switch, with $91,500 as support, leading to an upward movement later.

Of course, there are also third, fourth, and other possibilities, but we need to gradually deduce the future fluctuation state as time goes by.

But the bottom line is $86,000 support!

Once the price falls below this support, I wouldn’t understand it anymore, at least the current upward trend is maintaining well.

While Bitcoin is trapped in high-level fluctuations forming a fluctuation structure to exchange time for space, Ethereum is taking over to stabilize the overall trend, and strong altcoins are fiercely rallying.

This state is indicative of a bull market.

What needs to be done is to capture the market trend that one understands and seize it.

As for the rest, let's wait for the market to validate.