Since November 21, BTC has risen from 80600 to 94590. I have been breaking down this market for everyone every day. In fact, it's not difficult to understand at all; you all should have some experience with this.

The question arises: has this wave that started from 80600 ended, or will it directly break through 100000? To give you a conclusion in one sentence:

Since the low of 80600 on 11.21, I have been clearly bullish, but don’t forget, I mentioned before that this wave of rise, no matter how high it goes, from a weekly perspective, is just a rebound.

As shown in Figure 1, the rise of BTC that started on 11.21 is actually a rebound against the large drop from 126000 to 80600. This rebound could last until February 2026 at the longest, with an endpoint possibly around 97, 98, or even breaking 100000 wouldn’t be surprising.

Looking at the smaller timeframe, as shown in Figure 2, the rise from 80600 has already completed its first segment and is now starting to adjust. According to Gann time, the week of 12.15 may find the bottom of the adjustment, and then there will be another wave of rise at the same level as before. This long position is worth monitoring, as there is significant space and high certainty.

A reminder: occasional spikes breaking highs do not affect the overall rhythm; adjustments will happen when they need to. The normal trend looks like Figure 2, and if it’s strong, it may also consolidate sideways. I will explain a few common adjustment structures to everyone later.