Bitcoin's current price at 2:30 AM is stuck at 97,000. Looking back at this week's market trajectory, it's quite clear—the main institutional players have been pushing aggressively from the 90,000 level all the way north, leaving hardly any room for a pullback for the bears. Especially after the breakdown of the 94,000 level with that K-line, the bullish momentum has never slowed down.

From a daily chart perspective, the market peaked at 97,750 and bottomed out at 94,400. Interestingly, this wave of correction found support right around the Fibonacci retracement level 0.618, and then the bulls launched a direct attack. The price has now broken through the EMA120 trend resistance—this key level at 97,000—and is currently consolidating around the EMA120. The MACD indicator is showing continuous volume expansion, with DIF and DEA forming a standard bullish alignment, which is a good technical signal.

The Bollinger Bands previously had an upper band at 95,800, which has now been broken through and has become support. From a trend perspective, the overall pattern still points north, with no reason to turn bearish for now.

On the four-hour chart, the "kettle spout" pattern has been confirmed, which is a typical sign of strong upward momentum. The EMA trend indicator is also opening upward, and the 15-minute fast line support is expected to continue pushing higher, with a chance to test above the 94,000 Fibonacci level again. The Bollinger Bands on the four-hour chart are also expanding, and the price frequently tests around the upper band at 97,000, increasing the likelihood of repeated attempts.

Currently, the short-term market has entered an extremely overbought zone. From a technical standpoint, a pullback is indeed needed, but this also means there’s still room for further northward movement—just a short-term consolidation is required.

Regarding the future strategy: the market is never 100% certain, so risk management is the most important.

**Bearish outlook**: If the price stays above 94,500 and 95,000 without breaking down, that confirms the bullish trend. Set the stop-loss around this zone (allowing for 400 points of volatility). The initial target is between 96,000 and 97,000. If it breaks above that, the next targets are 98,000 to 99,000.

**Bullish outlook**: If the price faces resistance between 99,000 and 99,500 and cannot break through, consider the possibility of a downward move. Set a 400-point stop-loss, with targets around 98,500 to 98,000. If it breaks below that, look for 97,500 to 97,000.

In actual trading, always follow the real-time market movements, as there is a delay in analysis and markets are constantly changing. All suggestions are for reference only; trade at your own risk.