Bitcoin finally broke through the key resistance level of 94,500 since November last year, and market confidence has somewhat recovered, but caution is still needed for the future.

Last night during the US trading session, BTC experienced a significant volume increase and rise, and after the US stock market closed, it further broke through this long-term resistance zone. From a macro perspective, the latest CPI data released was below market expectations, which to some extent alleviated concerns about a secondary inflation rebound. Although the expectation of a rate cut in January has been dashed, the data itself sent positive signals.

This wave of upward movement reflects both the improved sentiment brought by economic data and may also be driven by other market forces. From a technical point of view, breaking through this multi-month resistance level is a good sign, but considering the volatility of the crypto market, it is still necessary to maintain a rational and cautious attitude to continue monitoring subsequent trends.