Bitcoin approaches the 98,000 level again and then pulls back. Is this the end of the rally or a mid-term pause?

When the price reached 97,777, I had already taken profits and chose to wait and see the subsequent market trend. Watching the coin price continue its upward push, approaching 98,000 but never quite reaching it, followed by a rebound from the low around 95,400.

Earlier, I identified a potential SFP (Sale Formation Pattern), initially expecting it to lead to a short-term rapid decline. However, this pattern ultimately did not complete—meaning the selling pressure is not as fierce as imagined, and there won't be a sharp plunge in the short term. This judgment has been confirmed, as the past couple of days, although the price has adjusted, it has not fallen rapidly and remains at a relatively high level.

Currently, we are in an observation period. Whether the upward trend has ended and entered a correction cycle, or if this is just a breather within a larger market trend, still requires further price action to verify.