Bitcoin soars to 100,000, or is it a bull market trap? Retail investors may become cannon fodder!

Bitcoin is rising again, and the market is in a frenzy, with some even borrowing money to enter the market. However, don't celebrate too early; there are 3 warning signals flashing red:

1. RSI is extremely overbought

The weekly chart shows that Bitcoin's Relative Strength Index (RSI) is overbought, suggesting that upward momentum may be waning.

2. The trend repeats the 2021 crash script

The current market conditions are strikingly similar to the peak in 2021, when after a surge, it quickly crashed by 50%. The risk of repeating this pattern cannot be ignored.

3. Whales are withdrawing funds, undercurrents are stirring

Large whales are transferring Bitcoin out of exchanges on a large scale. Historical experience indicates that this often signals a market turning point.

Changes are coming!

Ethereum ETF may be approved, institutional funds are entering the market in large quantities, and the halving effect brings expectations of scarcity—market contradictions are escalating.

Aim for 100,000, or is it a bull market trap?

Bitcoin will either break through the historical high and rush to 100,000, or it will undergo a severe adjustment when retail investors flock in. Newbies shouldn't go all in, and veterans should remain vigilant; this game is full of surprises!