On January 15th, Bitcoin experienced a strong surge. After stabilizing support at $94,000, it quickly soared to $97,900, with a 24-hour increase of over 1.3%. Institutional funds continue to enter through ETFs—this kind of scene is quite common in the market, and each time it signals a shift in sentiment.

Traders' attitudes have clearly changed. Funds that were just observing a few days ago now want to jump in, and the greed index has shot up sharply. However, the technical indicators are warning—RSI has entered overbought territory, and a short-term correction may be needed. But the bullish momentum is indeed strong; at such times, no indicator can stop it.

Right now, $98,000 is just in front of us, like a hurdle. Breaking through would mean heading straight for the $100,000 mark, while if it doesn’t, the $94,000 support line remains below. This is the current situation—there are opportunities for a rally, but also preparations for a pullback, with a steady yet aggressive rhythm. The key still depends on the attitude of subsequent institutional funds.