Bitcoin's recent market movement really caught everyone off guard. It was still falling yesterday, then suddenly reversed and returned to the entry price. This morning, it shot past 94,500, with the highest point even surpassing 96,800. The bears have been thoroughly shaken out this time; after such a long period of volatility, a clear direction has finally emerged—just not expected to come so quickly.

Behind this rally, it appears that external speculative funds have entered the market to push prices higher. From the trend, the market has indeed accumulated a lot of bullish momentum. The current question is, how far can this speculative force push the market?

In the short term, Bitcoin needs to watch the 98,000 level. If the enthusiasm of speculative funds can be maintained, 98,000 could become the next challenge target. But conversely, if the heat subsides, such short-term funds often retreat quickly. Once a correction occurs, 90,000 becomes a critical support line—an important line to watch closely.

In this kind of market, long positions should avoid excessive optimism, and shorts shouldn't be too stubborn. The range between 99,000 and 90,000 is the active zone in the near term.