Bitcoin's current rally is very strong. Since the oscillation range in mid-November, the price has already reached the upper resistance level.

From the trend structure, a complete rebound pattern has been formed, and the third wave has already finished. The wave pattern looks good.

However, the indicators are giving some signals— the 4-hour RSI has entered the overbought zone, and the fast and slow lines are starting to cross and turn around. These signals are worth paying attention to, as they may indicate short-term correction pressure. For traders, this position is both an opportunity and a point to exercise caution.