Bitcoin Nears $100K: Bulls Charge, But Overbought Signals Flash Caution
🔥 **BTC/USDT**: $95,986 (+0.93%) | Vol: 565.5K BTC | 24h Range: $93,502 – $96,396
Quick Takes
📈 **Bullish Signals**:
- MACD bullish crossover (DIF 329 > DEA 157) hints at sustained momentum.
- Price hugs **upper Bollinger Band** ($95,979), often a breakout precursor.
- Institutional FOMO: ETH ETF approvals and regulatory clarity fuel inflows.
⚠️ **Overbought Warnings**:
- RSI(6) at **75.99** (overbought), STOCHRSI at **95.08** (extreme).
- Risk of pullback to support: **$94,269** (1D depth) or **$93,502** (Bollinger midline).
**Expert Soundbites**
- 🚀 *“$100K is inevitable if bulls hold $96K. Macro tailwinds are too strong.”*
**—Alex Carter, BlockTrends**
- 🛑 *“RSI screams correction. Profit-taking near $96K could spark a 3–5% dip.”*
**—Marta Lin, ChainMetrics**
**What’s Next?**
1. **Breakout Scenario**: Close above $96,396 = 🎯 $100K rally.
2. **Pullback Play**: Dip buyers eye $94,269 as a reload zone.
**Trader’s Cheat Sheet**
- **Day Traders**: Trim profits at $96K; stop-loss below $94,269.
- **HODLers**: Ignore noise. BTC’s macro hedge narrative stays intact.
- **Watch**: SEC moves, ETH ETF flows, and Middle East tensions.
*Hypothetical data | Trade responsibly.* 🚨
