Bitcoin's recent rebound peaked around 97,900, just shy of 98,000. This price level is very critical—it serves as a litmus test for whether the price can break through 100,000 in the future.

From the chart, it is normal for the price to encounter resistance and pull back here. As long as it does not fall below 95,000, it indicates that the bulls still have strength. The current trend still aligns with an upward trajectory and has not changed the main direction.

Looking upward, if this resistance can be successfully broken, the next target is 102,000. This judgment remains unchanged. Short-term fluctuations are difficult to avoid, but the overall framework remains upward.