On the evening of $BTC , the large pancake stabilizes at the 95000 level. With the release of positive evening news, the price ratio experienced a strong bullish surge, successfully breaking the 96300 level, and the price ratio firmly established itself at the previous high. We also followed the trend during this bullish rally, with a one-sided increase of over 4000 points.

After the price touched the upper Bollinger Band, it quickly fell back to near the middle band, indicating effective resistance at the upper band. According to the characteristics of the Bollinger Band, when the price continuously touches the upper band while the standard deviation narrows, it often signals a technical correction after a short-term overbought condition. Currently, the Bollinger Band's opening is narrowing, further validating the decrease in volatility and the intensification of the tug-of-war between bulls and bears. The three lines of the KDJ have entered the overbought zone, and there are signs of the J value turning downward. The current KDJ and price trend form a 'top divergence', suggesting excessive consumption of bullish momentum. Although the MACD remains positive, the histogram has been shortening for three consecutive hours, indicating a weakening of bullish driving force. According to the MACD momentum decay rule, when the red histogram's reduction exceeds 50% of the previous day, the probability of a short-term pullback increases to 75%. The current reduction has reached 62%, meeting the conditions for a technical adjustment.

Aggressive investors can attempt to short with light positions in the 97,300-97,500 area, setting a stop-loss above 98,000, targeting 95,000. It should be noted that if the price stabilizes at 96,000 with an increase in trading volume, it may trigger a short covering rebound to 98,500.