Bitcoin's price movement is currently reproducing classic past patterns. Experienced traders have observed that the current BTC performance closely resembles the market behavior before the 2021 bull run, which is actually driven by a recurring market fractal logic.

How should this be understood? Bitcoin typically first enters a period of wide-ranging consolidation, then experiences a correction, and attempts to break through key resistance levels. During the 2021 rally, Bitcoin stabilized at the 0.382 Fibonacci level before restarting its upward move, and a similar rhythm is now emerging. This indicates that short-term prices may fluctuate up and down, but the structural pattern still hints at the overall direction.

Don't underestimate the influence of psychological price levels. The $100,000 mark acts like a threshold—historically, whenever prices approach this level, traders rush to take profits, and large institutions also reduce their holdings. Therefore, Bitcoin might first test the $98,000–$99,000 range, and after encountering resistance, it could stall or even retrace. These are common scenarios within fractal patterns.

However, there is a key turning point: if the price can stabilize above $104,000–$105,000, the current fractal framework may become invalid, requiring a reassessment of the larger trend. In the short term, there are indeed risks of volatility and corrections, but on a broader time scale, the upward structure seems to still be in place. Ordinary investors should avoid blindly chasing highs and instead understand where those psychological resistance levels and key integer points are.