The $BTC 4 hourly chart shows that the RSI indicator is nearing 70 (overbought), the MACD histogram remains positive but momentum is weakening, increasing the risk of a short-term pullback. On-chain data shows that 74% of Bitcoin supply is long-term locked, providing bottom support for prices due to tightening supply. However, the net outflow from exchanges has decreased, which may indicate that some holders are beginning to take profits.