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Recently, Bitcoin's price movement has been quite interesting. From the current position, if Bitcoin hovers around 91,000 or retraces to the 90,500-89,500 range, there should still be quite a few people looking to buy the dip. I remain bullish overall, with a target of 95,000. Once it breaks through and stabilizes, the next clear target would be 97,000-98,000.
However, after this wave of upward movement, the market may experience a turning point. It is expected to start a correction downward, possibly bottoming out near the 8-figure or even 7-figure range. During this phase, there should be ample opportunities for shorting.
Once the retracement is complete, a rebound will likely begin. From there, the price could start to rally from the 9-figure range, gradually pushing above 100,000 and approaching 110,000. This would be a more normal wave cycle. So, the key is to grasp these critical levels for entry and exit.