January 14th, Bitcoin Breaks Through 96,000! Bullish Momentum Like a Rainbow

Yesterday morning, Bitcoin experienced a strong surge. It shot up directly from the 91,000 level, breaking through the critical resistance at 96,000 with a remarkable increase. Trading volume also expanded, signaling clear market inflows, and the market heat was soaring—this is not just a fleeting moment; it appears to be a genuine upward trend unfolding. The subsequent pullback could be a good opportunity to enter.

From the 4-hour K-line technical perspective, bullish signals are everywhere. The Bollinger Bands are opening upward, with the price holding above the upper band, while the middle band is moving up in sync, forming a clear upward channel. Support levels are focused around 92,000 and the middle Bollinger Band. Although the KDJ indicator has entered the overbought zone, the key point is that the J-line is still expanding upward, indicating that the bullish momentum has not yet waned, and the rally still has strength.

Trading Strategy
Bitcoin can be positioned for long at the 94,400-95,000 range, targeting heights of 96,500-98,000.

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