Five-minute analysis of this violent spike

Bitcoin's short-term violent surge with a spike reaching as high as 77,814, the market directly broke through the Bollinger upper band at 77,693, indicating an overbought rapid upward pulse market
​ RSI indicator: 6-period RSI surged to 89.79, already seriously overbought, short-term bullish momentum is overextended
​MACD: Short-term red histogram shows extreme volume, but the fast and slow lines are about to converge and turn, ready for divergence and pullback

Market essence: a trap to induce buying, rapid surge with a spike

In the short term, there are no fundamental positive factors, purely contract funds violently sweeping the lower positions to short, clearing stop-loss orders. After extreme overbought conditions, a quick pullback is very likely, with a high probability of a long upper shadow and a decline.

Trading suggestion: Take profit or reduce positions on DuoKong, follow the trend to short, short-term target at 76,800$BTC #美伊谈判陷入僵局