Bitcoin Daily Chart Analysis

Starting from the key level of 806, this wave of upward movement has brought us to several important price targets. Many people consider the number 94 as the endpoint, but in reality, that's not the level we should be waiting for.

The real target should be looked at further out. According to the Fibonacci ratio of 0.5, the price level of 103400 is typically where such a rally would naturally reach—this level is relatively conservative and aligns well with historical patterns.

From the current position, the daily chart suggests a logical progression: first reaching the key level of 103400, then possibly experiencing a pullback. After the pullback ends, a new high may be initiated to finally complete this cycle. Based on the chart, this expectation has a certain probability.

Of course, any prediction should be adjusted based on real-time market feedback. $BTC for your reference.