Bitcoin's rebound has already reached higher highs, but the rebound may still continue. The current position is favorable for bulls who are building long positions at the bottom; they can defend and continue holding. For those with no positions, opening new longs is not recommended.

There are two expected scenarios: the first is a direct continuation of the rebound without a pullback, where a short squeeze induces more longs before starting a new large-cycle decline.
The second scenario is a short-term pullback, with a slight dip after breaking support, completing the bullish target between 98,000 and 99,000 before declining.