Bitcoin's recent rally has indeed been fierce. The price surged past $95,000 in one go, with a 24-hour increase of over 4.29%, and trading volume also soared to $95,413.99. From a technical perspective, both EMA and MACD have issued bullish signals, indicating strong short-term momentum. The signs of substantial capital inflows are also quite clear—single-day total inflows exceeded $136 million.
What's more interesting is that institutional players are starting to take it seriously. Strategy firm directly invested $1.25 billion in Bitcoin, and traditional financial institutions are beginning to treat BTC as collateral. These developments mark a rising confidence among institutions. The bullish voices in the community are also overwhelming, with many calling for target prices of $96,000 and $100,000.
But a word of caution is necessary. The RSI indicator has soared above 70, which essentially means overbought. The Average True Range (ATR) has also reached $707.89, indicating significantly increased market volatility, and a quick price pullback could be imminent. The historical patterns also seem a bit off—based on past price movements, analysts predict Bitcoin might find support between $86,000 and $87,000.
In summary: this rally's momentum is really strong, and institutional involvement is genuine. However, the short-term overbought signals from technical indicators should not be ignored. If there are no new catalysts in the next few days, consolidation or a slight pullback are reasonable expectations.
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Bitcoin's recent rally has indeed been fierce. The price surged past $95,000 in one go, with a 24-hour increase of over 4.29%, and trading volume also soared to $95,413.99. From a technical perspective, both EMA and MACD have issued bullish signals, indicating strong short-term momentum. The signs of substantial capital inflows are also quite clear—single-day total inflows exceeded $136 million.
What's more interesting is that institutional players are starting to take it seriously. Strategy firm directly invested $1.25 billion in Bitcoin, and traditional financial institutions are beginning to treat BTC as collateral. These developments mark a rising confidence among institutions. The bullish voices in the community are also overwhelming, with many calling for target prices of $96,000 and $100,000.
But a word of caution is necessary. The RSI indicator has soared above 70, which essentially means overbought. The Average True Range (ATR) has also reached $707.89, indicating significantly increased market volatility, and a quick price pullback could be imminent. The historical patterns also seem a bit off—based on past price movements, analysts predict Bitcoin might find support between $86,000 and $87,000.
In summary: this rally's momentum is really strong, and institutional involvement is genuine. However, the short-term overbought signals from technical indicators should not be ignored. If there are no new catalysts in the next few days, consolidation or a slight pullback are reasonable expectations.