Bitcoin surged directly to 97800 at 5 AM! 'Pump and Dump'? Ethereum upgrade is approaching, and smart money is operating this way! The BSC animal park is rising, and An An TikTok is igniting; can retail investors win big?

At 5 AM, news caused Bitcoin to spike in volume and rise to a price of 97800. From a daily chart perspective, BTC has broken through the previous high resistance level near 95700 USD, but it has shown a shrinking upward trend for two consecutive days, suspected of being a pump and dump behavior, so chasing the rise is not recommended. Today's 'Eastern Country Hunting' rally may be a short-term behavior, and its sustainability is in doubt. Meanwhile, MACD has crossed into a death cross, and technical indicators show divergence, so caution is required. My personal suggestion is to short at 97500, with a stop loss around 98000 and take profit around 95200. From the trends in US stocks, the trend is correcting, and it is currently clearly consolidating. Now BTC is rising against the market. Therefore, this is an abnormal market; stay steady and do not act.