This Monday and Tuesday, Bitcoin made a strong upward breakthrough past the resistance levels of 86500 and 88765, along with a strong consolidation over the past three days. The daily K-line for Bitcoin has recorded five consecutive bullish candles. After experiencing strong fluctuations and consolidation over the past three days, the 5-day moving average has now risen to 94000, and the 10-day moving average has tested upwards near 90000. The bullish arrangement of the 5, 10, and 20-day moving averages has formed, indicating that in the short term, the technical outlook for Bitcoin will continue to maintain strength above 89000. The lowest point of the strong consolidation over the past three days is 91660, which also serves as short-term support and is supported by the 120-day moving average. After the market digested the negative impact of the trade war without any major black swan events, it has begun to bet on the Federal Reserve's interest rate cuts. If Bitcoin continues to maintain strong consolidation and rises above 91660 next week, it means that the upward movement that started when Bitcoin broke above 88765 on Tuesday is a stronger upward trend. If the market corrects and falls below 91660 next week, testing the upper level of 89000, but quickly rebounds back above 91660, it can be determined that there is strong buying support during the correction. In that case, the upward trend after Bitcoin stands above the short-term platform of 88765 will have a longer duration, and this upward movement could approach 100000 or the previous high of 109588 from January 21. Support levels are at 91660 and 89000. Historical trends for Bitcoin show that from February 5 to February 23, Bitcoin traded sideways in the range of 95000 to 99000, with a considerable amount of trapped positions. If the market can release these trapped positions next week, the bulls will have a new opportunity. If the bulls can actively free the trapped positions, the future target may not just be the mere 100000 and previous high positions. If Bitcoin reclaims 100000, it means it has resurrected from the dead and will jump even higher. Additionally, there are still considerable short positions around 89000 and 90000. To force these shorts to surrender, one way is to return to around 90000, where the shorts can escape and surrender; another way is to completely eliminate these shorts. Regardless of how the shorts surrender or are eliminated, it serves as fuel for the market's upward movement (short covering is buying to close). In the short term, continue to maintain a bullish mindset. Those who have missed out can take small positions during the market's sideways adjustment or observe, trying to avoid shorting.

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