BTC has been on a strong upward trend recently. Although there are divergence signals on smaller timeframes, after consolidating sideways, the price has surged again, demonstrating the strength of the bulls. From the overall pattern, the upward phase following the triangle breakout has not yet fully unfolded, and short-term highs are not yet established.

The key point to watch is the 98,000 resistance level. Once this zone is effectively broken, a new round of accelerated upward movement will begin, with the high point potentially reaching around 100,000. However, this is also a critical turning point—after reaching 100,000, the price action may diverge significantly, possibly initiating a downward cycle.

Currently, the price has shown signs of an ascending wedge. As long as the short-term high confirms a breakout, this pattern will become clearer. From a trading perspective, the safety margin for chasing longs has decreased, and more interesting are the short opportunities after a top is formed. For now, place orders around 100,000; if the momentum weakens, the price may only make a small high before turning down. These details will need subsequent pattern confirmation to determine.