This V-shaped reversal for BTC is pretty strong. The main players just pulled the market up, so it’s unlikely they’ll immediately turn around and dump on themselves, right? In the short term, it still looks relatively stable. If it really gets smashed back down again, I’d be speechless.

The 88,000 level needs to hold—it’s a key support. 80,600 is the recent bottom, and usually, the first test of a support at this level won’t break through easily. At this pace, there should still be some action in the next two or three months.

On the 4-hour chart, we’ve already broken through a resistance zone once. For the second push up, keep a close eye on the 93,400 level. After that, there are likely two scenarios:

First, a standard double-bottom pattern that breaks through the neckline directly—then the trend should continue smoothly. Watch around 98,000 to decide whether to go short depending on the price action, but I doubt the 100,000 psychological level will be easily broken.

Second, a converging triangle pattern, where price gets rejected and pulls back around 93,400. But as long as 88,000 holds, the overall structure remains bullish.

In the short term, don’t rush to chase longs—going long near resistance is too risky. Wait to look for shorting opportunities around 98,000; the risk-reward will be much better then.