Bitcoin is currently confirmed to be in an upward trend on the medium-term level, with volume and price moving in sync and overall performance quite healthy. Yesterday, it reached around 98,000 before encountering resistance and pulling back, now consolidating around 96,000. This kind of pullback actually presents a good opportunity for positioning. Do not turn to shorting just because you missed the initial move; often, trying to top out can become fuel for the subsequent rally.

Whether the current increase can be directly confirmed as the start of a new bull market is still uncertain, but the certainty of this upward move is worth pursuing. In terms of allocation strategy, focus mainly on Bitcoin, with a moderate allocation to Ethereum as a complement, but avoid altcoins for now. The profit-taking effect is not strong enough to support a full altcoin season; the altcoin sector should only be participated in during extreme greed, which carries higher risk.

From a technical perspective, resistance is at the 98,000 to 100,000 range, and support is at 94,500 to 95,500. Once the resistance zone is broken, the roles of resistance and support will switch. Therefore, the current operational idea is to set 95,000 as a risk control point and continue to accumulate long positions on dips. The overall market rhythm still points toward continued bullishness.

The upcoming US CPI and non-farm payroll data may influence short-term trends, but from a medium-term perspective, these macro news are more about providing entry or adding positions points, without changing the overall bullish pattern.