Recently, Bitcoin's trend has been quite interesting. Although there might be a slight pullback this week, the downward momentum has actually weakened significantly. From a medium-term perspective, I tend to believe that it will continue to rise.

Looking at the daily chart, both recent pullbacks have left quite obvious long lower shadows. What does this indicate? It shows that around the $89,000 level, the buying support is quite strong. Currently, the number of sell orders in the market isn't high; instead, buy orders are more active. As long as there are no sudden major negative news, the probability of a sharp decline in the short term is low.

Based on this rhythm, my judgment is: first, enter a consolidation phase, then gradually rebound upward. This aligns well with the current market sentiment and capital flow.

Of course, the market always carries uncertainties. US economic data and policy trends are factors worth paying attention to. But from the current technical and market structure, the possibility of a rebound in the short term is greater.