1. Market Overview

According to the latest candlestick data, BTC is currently priced at 97,035.4, derived from the latest daily K closing value. Over the past 14 days, BTC has maintained a strong upward trend, with bullish momentum notably increasing in the last 3 days, rising from 91,296.2 to the current level, with recent highs reaching 97,924.5, showing a breakout pattern. Daily K-line data indicates a high of 97,924.5 and a low of 94,559.3 in this phase, with short-term volatility significantly increasing. In terms of trading volume, the average daily volume has been steadily rising recently, with the latest day reaching 15,797.4, doubling from previous lows, indicating increased market activity.

Analysts and news reports show a market sentiment of cautious optimism: analysts believe the current price has risen significantly and suggest taking profits on long positions and observing; news such as "BTC breaks through $97,000, 24-hour increase of 4.81%" and "Bitcoin surpasses $95,000, risk appetite rebounds" reflect positive short-term market expectations but also mention short-term selling pressure and divergence signals.

2. Technical Analysis
Combining the past 14 days and 48 hours of candlestick data, BTC shows a clear bullish pattern. Support levels can be referenced at the 93,000-94,550 range (multiple retests within the last 48 hours and daily cycle lows), with main resistance concentrated above 97,924.5 and 98,000 (latest high and hourly K testing zones). Breaking above these resistances could push towards 105,000, with analysts specifically noting that "as long as the weekly K can recover above 98,000, breaking 105,000 is very likely." Conversely, if the price pulls back, the 92,000 level provides strong support (frequent lower shadows on daily and hourly charts).

In the short term, BTC has shown strong momentum after breaking through 95,000, with single-day fluctuations approaching 3,000 points within 48 hours, mainly oscillating between 96,000 and 97,900; hourly volume peaked at 2,095.35, with significant volume expansion during the main upward phase, indicating intense buying and selling activity. The key focus is whether the price can stabilize above 97,000-98,000; a continuous breakout upward could trigger a new acceleration, while a rapid pullback might lead to high-level consolidation and correction.

3. News and Policy Interpretation
Recent hot topics mainly focus on BTC's strong breakout and capital inflows, such as "BTC breaks through $97,000, 24-hour increase of 4.81%", "Bitcoin short game ends", and "Spot ETF capital inflow", all released after the price broke major resistance levels and positively correlated with large bullish candles on daily and hourly charts, indicating macro public sentiment supporting the rally.

Other industry positive news like "Ledger launches BTC yield feature" and "MetaPlanet increases BTC purchases" also continue to boost overall market confidence. On the policy front, recent data shows no new policy developments over the past 24 hours, the past week, or the past month, creating a relatively loose environment for the short-term market.

4. Analysts' Views
The mainstream analyst opinions are as follows:
- "Cancel long positions on BTC, it has already risen significantly, wait to see if mid- to long-term positions can be arranged later."
- "BTC short positions are forcibly liquidated at 120,000U and above... as long as 98,388 is hit, with a cost basis at 97,588, once reached, escape without hesitation..."
- "BTC has now approached a very large POC around 97,000-98,000, which is normal to encounter resistance here. The key is whether, after retesting and digesting the profit-taking pressure, the weekly K can recover above 98,000. Once it does, 105,000 is very likely to be tested."

Consistent with actual K-line performance, the current price range is within the dense resistance zone of 97,000-98,000, with daily and hourly K-lines repeatedly testing high levels, indicating market uncertainty and testing for further upward movement. Some analysts advise cautious observation before key resistance levels, waiting for a pullback before considering mid- to long-term positions.

5. Future Trend Forecast and Trading Suggestions
Currently, BTC is in a strong attack phase. The short-term main force has pushed the price to 97,035.4. If subsequent efforts can ensure recovery and stabilization above 98,000, there is a chance to continue upward to 105,000 (as indicated by analysts and K-line signals). However, if repeated attempts to break through fail and volume stagnates, the risk of high-level profit-taking and short-term correction increases, with support levels at 93,000-94,500.

Trading recommendations:
- Gradually take profits or set strict stop-losses on high positions.
- If a breakout above 98,000 with increased volume occurs, consider attempting long positions and monitor for retracement momentum and volume changes.
- If the price falls back to 93,000-94,500 with declining volume, it can be viewed as a new medium- to short-term entry point.

6. Risk Warning
BTC has experienced a significant recent rise, with increased short-term volatility. The intraday high and low differ by nearly 3,400 points, with the all-time high and dense resistance levels overlapping. Profit-taking at high levels is substantial, and the risk of sharp retracement cannot be ignored. Especially around 97,000-98,000, if resistance persists, it may trigger sharp adjustments. Do not chase high, strictly set take-profit and stop-loss orders, and be prepared for sudden pullbacks. Investors should closely monitor volume changes and retest performance, remaining cautious of short-term risks from high-level oscillations turning into declines.