Bitcoin's recent price action is quite subtle. From this position, are we looking at $100,000 up next? Or is there a pullback to test $80,000? I think we need to break this down from several angles.

**First, the news front.**
Rumors in the market suggest Hassett might become the next Fed Chair. In the short term, this could put pressure on the dollar, which is somewhat favorable for crypto assets. But this kind of expectation-driven rally often lacks staying power. If subsequent US economic data surprises to the upside, capital flows could quickly reverse. So, don’t treat this as a rock-solid thesis.

**Next, the technical structure.**
Right now, the most crucial resistance is around **$94,000**. Whether or not we break through this level will directly determine the next move. The issue is, while short-term indicators point up, major funds haven’t shown a clear surge in momentum, and there’s a lack of sustained trading volume to support the rise—so this rally feels pretty flimsy.

If we see a downward adjustment, there are a few support levels to watch:
- First level: **$87,000–$88,000**—this is the first line of defense for short-term bulls
- Second level: **$84,000**—this must hold; if it breaks, sentiment could collapse
- If it really drops below **$80,600**, the trend may need to be reevaluated

**How to respond in terms of trading?**
My suggestion: don’t rush to chase the highs. If it rallies to around $94,000 without clear volume expansion, consider locking in some profits and keep cash ready for pullback opportunities. If you want to add positions, patiently wait for the $87,000–$88,000 or $84,000 area and scale in gradually—don’t expect to catch the absolute bottom. Also, be sure to set stop-losses—for example, if you buy at $84,000, set your stop below $82,000 to protect your capital first.

**My personal take:**
The probability of a direct run to $100,000 is low—I'd give it less than 30%. A more likely scenario: a quick push up (maybe touching $94,000 or a bit higher), then a swift pullback to shake out weak hands, targeting $87,000 or $84,000. Once the weak holders are flushed out, there’ll be a better foundation for the next major rally. At this stage, what we really need is a healthy correction, not a blind rush higher.

Be patient, and don’t let short-term volatility lead you by the nose.