The previous barrier of 96,000 has finally been broken through, and with the bottom rising, it’s only a matter of time before we re-establish the $100,000 level.

This week’s market started just above 90,000 and surged all the way up, reaching close to 97,900 at the peak. There was some retracement afterward, but the correction was not significant—bottomed out at 94,200 and was supported by buying pressure. Currently, it’s fluctuating around 95,000, showing a typical pattern of a rally followed by consolidation.

From the daily chart, the Bollinger Bands are opening upward, indicating increased volatility potential; the MACD is starting to expand above, which is a positive signal; more importantly, although the weekly MACD is still below, the signs of decreasing momentum are very clear. When these signals are combined, the bullish momentum is essentially confirmed.

In terms of trading strategy, you can consider going long around 94,200. If you want to add to your position, do so at 93,200 with a stop loss below 92,400. The initial upside target is 98,000; if this level is broken, look towards 102,000.