“$BTC Soars to 100,761 USD: Opportunity or Risk?”

Bitcoin has just marked a historic milestone by reaching a price of 100,761.42 USD, up 3.76% in just 24 hours.

According to the 4-hour chart, the BTC/USD price is maintaining a strong upward trend, breaking through the resistance level of 98,387.16 and approaching the all-time high.

Technical indicators such as MA(25) at 95,971.81 and MA(9) at 94,895.40 show that the upward momentum still has room to grow. The RSI reached 58.35%, signaling that the market has not entered the overbought zone, while the positive MACD (525.02) reinforces the positive signal. However, the 24-hour trading volume reached 25,389.35 BTC, slightly down from the peak of 2.5 trillion USD, indicating that profit-taking pressure may emerge.

Investors need to be cautious with the support level at 92,910.00, where the price previously bounced back. Will Bitcoin continue its upward trend or face a correction? This is a time to carefully weigh the opportunity against the risk. Closely monitor market developments to make the right decision!