Today, Bitcoin continues to strengthen, currently at the $96,600 level, up 1.3% over the past 24 hours. Trading volume is quite active, exceeding $29 billion, indicating a high level of market participation. The price fluctuates between $94,500 and $97,900, and there still seems to be a clear direction.

From a technical perspective, the RSI indicator is approaching the overbought zone, which means the short-term rally is somewhat rapid. $97,500 has become a key resistance level; if it cannot break through, a pullback may occur. Support levels are around $96,300, and these two levels are quite important.

The driving force behind this is clear—institutional funds are continuously flowing in, coupled with positive macroeconomic news, giving the bulls considerable confidence. However, the problem is: in this overbought state, technical adjustments and profit-taking are inevitable in the short term, especially if large institutions decide to lock in profits. Therefore, the current strategy should be to follow the trend while being mentally prepared for possible pullbacks. The key is to hold those support levels and avoid rushing to chase highs.