Today, Bitcoin showed obvious overbought signals on the 1-hour chart.

After the price surged to 95,600 and reached the intraday high, although there was a rebound, the trading volume clearly lagged behind. Currently, it is oscillating back and forth between the upper and middle bands of the Bollinger channel. From the market sentiment, this bullish rally was too aggressive, and now the mood feels a bit exhausted.

The KDJ indicator is now in the overbought zone, and the short-term correction pressure is rapidly accumulating. This situation—rising sharply then cooling off + shrinking volume—usually presents a good opportunity for shorting. It is recommended to take light short positions at resistance levels above, waiting to profit from this pullback.

Specifically, it is more appropriate to set up short positions between 95,400 and 95,700 on Sunday night, with a target around 94,000.