1.14 Bitcoin Market Analysis

In the morning session, Bitcoin relied on positive CPI data to break through strongly, with a rapid bullish attack, successfully breaking the monthly resistance level, with the price rising to the 96,800 mark. Previously, the well-positioned long positions by YouYou have already secured substantial profits. Currently, after the price surged, it faced resistance and pulled back, stabilizing and oscillating around the 95,200 level, marking the market's official entry into a profit-taking cycle.

From a technical perspective, the daily chart shows a large bullish candlestick, directly breaking above the upper Bollinger Band, with short-term moving averages forming a bullish alignment, indicating full bullish momentum. The 4-hour trend continues to rise with consecutive positive candles, successfully opening upward space; the Bollinger Bands are expanding outward, the MACD indicator maintains a golden cross and continues to increase in volume, with the momentum bars gradually lengthening, confirming a solid bullish pattern.

Bitcoin is advised to watch around 94,700-94,100 for support, with an upward target of 95,700-97,000.
Second Bitcoin: around 3,300-3,260 support, with an upward target of 3,400-3,500. #Gate储备金报告 #中文Meme币热潮