BTC recently surged to a high of 96,000, and there's an interesting phenomenon behind this rally.

From the market performance, the upward move is unusually clean — no signs of a retail-driven explosion with massive volume spikes. Every time it's pushed down, someone quickly absorbs the chips, and the pullback is shallow. This kind of rhythm is usually not driven by scattered traders.

The more critical detail is at the high levels. At 96,000, if this were truly a trap to lure more buyers, we would have seen increased volume smashing down to test the depth. But what do we see now? Sideways, stable, patient funds are accumulating chips within this range. What does this reflect? The market's acceptance of this price level is increasing.

So my judgment is this: this doesn't look like a frantic sprint at the end of a rally, but rather a confirmation phase after the trend has been established. As long as the K-line structure isn't broken, continuing to explore upward space is a natural progression.

But while the outlook is bullish, chasing highs should be approached rationally. I prefer to accept consolidation, sideways movement, and a slower pace — leaving some safety margins. There will still be fluctuations on the way to 100,000, and being well-prepared is much more reliable than blindly chasing the pump.