Waking up and checking the market, Bitcoin has already cleanly and decisively broken through that old resistance level—94500.

The logic behind this breakout is actually quite clear. The bears had been pushing for so long, and various negative news had been hitting the market, but the price kept oscillating at that level. What does this indicate? It shows that the selling pressure has basically been exhausted. Once the negative sentiment is fully released, the next step naturally is for the bulls to take over.

Here I want to emphasize: although the breakout has been confirmed, don’t rush to chase the high. The safest approach is to wait for the price to retest this breakout level for confirmation. Only if it confirms that it hasn't fallen below should you consider entering a long position. Anyway, we've waited so long; missing one or two retests isn’t a big deal.

Many people lose money in two ways—first, by not having a clear entry pattern; second, by not thinking through where to place stop-loss orders before executing. Don’t act until you see a solid pattern; and never place a trade without a stop-loss. Position management, risk management, and order management—none of these can be overlooked.

Continue to follow the new market rhythm moving forward—eat when it’s time to eat, rest when it’s time to rest.