The bottoming phase of Bitcoin is about to come to an end, and the next target is very clear—between 98,000 and 99,000.

Recently, the market conditions seem a bit uncomfortable. The bulls feel that the trend is sticky and keeps failing to move higher; the bears are also uneasy, as the price just won't fall. This is a typical oscillation adjustment, and after a sharp decline, there must be a process of recharging. And there's a detail worth noting: each bottom is gradually moving upward—from 80,000, to 85,000, then to 87,000, and now 90,000 has become a solid support. It's like walking step by step up the stairs.

What about the above situation? The 94,500 level has appeared twice in the past two months, but neither time did it lead to a true breakout. The two highs are basically aligned, forming a horizontal platform. Above this platform, there is a large accumulation of unfilled orders and retail long and short positions—that's what we call liquidity. Normal market movements will eventually touch these levels.

Combining trend lines and wave theory, since 80,000, Bitcoin's current correction is missing the completion of wave C. I believe that by this week, reaching 98k to 99k, it shouldn't be a big problem.

Currently, I am still fully long, and I have no hesitation in being bullish on Bitcoin's future. Wishing everyone successful trading!