I just checked Bitcoin's performance this morning, and honestly, it’s quite impressive. It surged directly from 91,000 to break through 96,000, with this wave resulting in over 5,000 points of gains. The 24-hour increase reached 5.21%, and trading volume also expanded to $36.569 billion. Both institutional and retail funds are flowing in, and market FOMO sentiment has been fully ignited.

This is not a short-term pulse rally. The underlying logic is quite clear—the US December CPI data released a dovish signal beyond expectations, and the CLARITY Act regulatory bill also showed signs of implementation. The combination of these three major positives has laid a solid foundation for a trend upward. During pullbacks, it’s actually a good opportunity to get in.

What does the technical analysis say?

On the 4-hour chart, the Bollinger Bands have widened significantly upward, and the price is firmly above the upper band. The middle band is also moving up in sync, forming a solid upward channel. The bullish structure is unshakable. Although the KDJ indicator’s three lines have entered the overbought zone, the J line is still diverging upward, with no signs of reversal. This indicates that bullish momentum is still being released. Overbought does not equal reversal; in strong trending markets, indicators often become dulled.

Key levels update:

Support levels to watch—94500 is the intra-day key level of strength and weakness; 93000 is the short-term moving average support; 92000 is the previous breakout neckline, now transformed into a strong support.

Resistance levels upward—98000 is the lower boundary of a dense accumulation zone; 100000 is the psychological round number and a liquidation cluster.

Regarding trading strategy, the core idea is to follow the trend and go long, avoiding guessing the top. If the price stabilizes around 95000-94300 during a pullback, it’s a good time to go long, targeting the 96500-97500 range.