To get straight to the point: my judgment is that this wave of Bitcoin's rise is a rebound. The lower limit target for the rebound is to break through 100K. If managed properly, there’s a chance to surge towards the 108-110K range, which would perfectly form a double-shoulder pattern with the previous high from a year ago.

Interestingly, reviewing many technical analysts' opinions, there is a rare consensus on the height of the rebound. But does this excessive agreement instead indicate that the market might perform a reverse operation? We can only watch and proceed accordingly.

The key to how far the rebound can go depends on the previous high of 126K. As long as it doesn’t break through this level, the current rebound pace remains under control. Once this price level is surpassed, it enters a completely new trend logic, requiring a re-evaluation. Therefore, this checkpoint is worth close attention.