Extreme greed signals bulls’ control: The Fear and Greed Index indicates extreme greed at 83, confirming bullish sentiment dominating the market. This sustained level suggests traders are overly optimistic, which raises concerns for potential price reversals.

MAJOR institutional support strengthens market: In the past week, Blackrock purchased over 25,000 Bitcoin, reflecting substantial institutional interest. With political endorsements from the incoming Trump administration, market confidence is bolstered further, creating a favorable environment for cryptocurrency.

Technical analysis foreshadows potential corrections: Technical signals show Bitcoin nearing overbought territory, signaling a correction may be imminent. Key resistance at the upper boundary of the ascending channel and support at the 99,000 USD level are critical as market trends evolve.