#Gate广场创作者新春激励 Double positive catalysts ignite the market, short-term sentiment remains difficult to reverse

(1) Core positive: CPI beats expectations with dovish signals, rate cut expectations reignited
On the evening of January 13, US December CPI data became a market trigger: overall CPI increased by 2.7% year-on-year, core CPI rose by 2.6% year-on-year, and month-on-month increased by 0.2%. The data was interpreted as inflation peaking, reversing the Fed's dovish rate cut expectations, with rate cut expectations in 2026 rising to more than twice. Cryptocurrencies benefited from easing expectations, with CICC maintaining a March rate cut forecast; Trump criticized Powell and called for an immediate rate cut, further strengthening easing expectations.
(2) Dawn of regulation: CLARITY Act bill announced, significantly reducing uncertainty
The US Senate released the full draft of the CLARITY Act, with review starting on January 15. The bill clarifies token classification, delineates SEC and CFTC regulatory responsibilities, exempts DeFi, improves stablecoin rules and bankruptcy protections, becoming an "industry regulatory reassurance." The White House crypto czar said the bill is closer to a milestone, predicting an 82% chance of passing by the end of the year; institutional reactions are positive, believing that reduced regulatory uncertainty will boost crypto market highs in 2026.
(3) Market sentiment: Short squeeze wave surges
Under the catalysis of continued institutional accumulation, the past 24 hours saw over $200 million in global crypto liquidations, with Bitcoin short liquidations accounting for over 80%. Short squeeze has driven prices higher. Although Bitcoin ETF net outflows reached $284 million on January 13, the long-term institutional accumulation trend remains unchanged, with MicroStrategy adding 13,000 BTC last week, and whale addresses hoarding coins; analysts predict Bitcoin may hit a new high by the end of January, with the bull market pattern in 2026 remaining unchanged.
(4) Potential risks: Data revisions and legislative fluctuations
In the short term, three major risks should be watched: CPI data may be revised; legislative delays for the CLARITY Act could trigger a correction; if tonight’s US retail sales and PPI data exceed expectations and are strong, it may temporarily reinforce tightening expectations and suppress risk assets.
Bitcoin (BTC) January 14 intraday analysis
Bitcoin continued its oscillating upward trend in the morning, consolidating at high levels. After retreating to around 91,734 last night, it rebounded and reached a high of 96,106 (intraday high). Currently, it is consolidating around 95,400, with a daily range of about 4,372 points. Trading volume increased by 25% compared to the same period yesterday. Market bullish sentiment has warmed but caution remains at high levels. Technicals remain bullish, with the daily MA5 (93,500) and MA10 (92,000) forming a golden cross, and prices staying above all moving averages. Yesterday’s lower shadow candlestick confirmed short-term support at 91,734 remains effective, maintaining overall strength. The hourly RSI stays at 56, indicating a bullish zone, with a significant rebound from yesterday and no signs of overbought pressure. MACD shows a shrinking red histogram, indicating slightly waning short-term upward momentum. On the news front, the Trump administration advocates for deregulation of cryptocurrencies, and US spot Bitcoin ETF outflows are easing. Coupled with traditional energy policies indirectly boosting risk asset sentiment, it’s difficult to break the high-level consolidation pattern.
Ethereum (ETH)) January 14 intraday analysis
Ethereum continued its previous rally but faced resistance and oscillated. Last night, it rebounded to around 3,300 before falling back to the 3,131 range due to whale selling pressure. Today, it rebounded in sync with Bitcoin, currently consolidating around 3,265 with a daily range of about 169 points. Trading volume decreased by 12% compared to yesterday, with no clear independent trend, mainly following the overall crypto market rhythm. Technically, it shows a range-bound structure, with the daily MA5 (3,180) and MA10 (3,287) moving averages intertwined, trading within the 3,050-3,180 range. Yesterday’s candlestick with upper and lower shadows confirmed short-term support at 3,131 remains valid. The hourly RSI stays at 52, neutral to slightly bullish, with MACD showing a shrinking red histogram, indicating slightly waning short-term upward momentum. Regarding news, recent ETH sales by the Ethereum Foundation (EF) have raised community concerns, with whales selling 300,000 ETH (worth about $97 million) over three days, creating selling pressure. However, institutions like BlackRock continue to increase holdings (purchasing ETH worth $149 million over the past three days), providing support, and the short-term oscillation pattern is unlikely to break soon.