January 14 Market Strategy | Bitcoin Breaks Through 96,000 with Strong Momentum, Bullish Trend Fully Initiated

This morning, Bitcoin surged strongly from around 91,000, with volume and price rising together, breaking through the key resistance level of 96,000. The increase in momentum and trading volume indicates a continuation of the trend. Capital inflows persist, and market sentiment has noticeably improved. This is not a speculative surge but an acceleration phase of the ongoing trend; pullbacks may present better entry opportunities.
Technical Analysis:
The 4-hour Bollinger Bands show a clear upward opening pattern, with the price steadily staying above the upper band, while the middle band moves higher, forming a clear upward channel. Key support levels are at 92,000 and the middle Bollinger Band.
Although the KDJ indicator is in the overbought zone, the three lines remain diverging upward, and the J line remains strong, indicating that bullish momentum is still being released. In the short term, there is still potential for further upward movement.
Trading Strategy: Follow the trend and go long
Bitcoin (BTC):
Wait for a pullback to the 94,400–95,000 range, then establish long positions, targeting 96,500–98,000.
Ethereum (ETH):
After confirming support at around 3,300, enter long positions, aiming for 3,400–3,450.
Once the trend is established, trading in the direction of the trend is the most efficient approach.