Open the 4-hour candlestick chart, and I have to say: "The more fiercely the market rises, the more intense the 'red lights' on various indicators—this wave of Bitcoin is like a sports car with full throttle but held back by a speed limiter."

In the early morning, BTC surged to 97,486, almost reaching the 100,000 mark. But suddenly, there was an abrupt stop—the upper band of the BOLL Bollinger Bands was firmly blocking the price, combined with the J value in KDJ soaring to 96.16 (just shy of the overbought top), and RSI1 directly hitting 83 (the standard overbought line is just over 70). When these two indicators stack up, the signal is very clear: "A short-term correction is inevitable." Remember that market movement in mid-November last year? It was also a situation where the J value hit 95+ and RSI broke 80, resulting in a 3,000 USD drop the next day—that feeling is somewhat familiar this time.

But don’t rush to bearish predictions. Look at the broader market background: The U.S. Senate's vote on the CLARITY Act is basically a done deal, with the core content defining Bitcoin as a "digital commodity" regulated by the CFTC—this is like giving institutional investors a "legitimate entry permit." The data is in front of us: yesterday, $754 million flowed into BTC spot ETFs, plus the previous $270 million short positions were "short-squeezed" (forced liquidations due to market pressure). With this level of trading volume, the short-term technical correction is at most "a quick rise needing a breather," and there's no real trend reversal.

My analysis is this: this correction first depends on whether the 96,000 level can hold. From both the fundamentals and the capital side, support is right there.