Bitcoin breaks $97,000! The $100,000 barrier is about to be breached, and a short squeeze may become a catalyst!

The price of Bitcoin has surpassed the $97,000 mark, with strong ETF inflows and ongoing institutional interest driving the market upwards! Analysts believe that Bitcoin is approaching the critical point of breaking $100,000, and the market structure remains bullish. With the emergence of a rising triangle pattern and bullish technical indicators, Bitcoin may soon break through the $100,000 barrier!

The financing rate is negative, suggesting there may be short positions in the market, providing a potential opportunity for a short squeeze. The demand for Bitcoin in the spot market is also surging, with $370 million in BTC purchases further validating institutional investors' enthusiasm. If Bitcoin maintains above $95,000 and breaks through, the price could quickly rush towards $101,000.

With non-farm payroll data about to be released, market sentiment is high, and Bitcoin's upward momentum cannot be ignored!