BTC has experienced a breakthrough surge in the past 24 hours, with technical indicators showing a bullish trend (moving averages in a bullish alignment, price rising with decreasing volume), but the overbought condition is also very extreme. The 1-hour and daily RSI are both well above the healthy range, significantly increasing the probability of a short-term correction. The price has now basically reached the upper bands of the 15-minute, 1-hour, and daily Bollinger Bands, a typical overbought risk signal.