As the BTC price has yet to break through 100,000, I have solemnly reminded twice to pay attention to specific points.

BTC is likely to experience a pullback and spike, aimed at clearing long leverage. Taking the Binance platform price as an example, it sharply fell from a high of 104,115 to 90,606, a drop of nearly 13%, which caused a large number of positions to be liquidated.

However, this spike phenomenon is actually an ideal entry opportunity, and bull market trends usually exhibit such characteristics.

From a 4-hour perspective, after the triangle convergence pattern breaks, the most concerning scenario is that the price falls back into the channel for consolidation. Therefore, we still need to pay close attention to whether the key level of 98,000 can be successfully reclaimed, which would push the price upward.

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