Today, BTC demonstrated strong momentum, completing a beautiful rally driven by the bulls. From the repeated oscillations near $91,000 last night to a sudden surge this morning, breaking through upwards and reaching a high of $96,800, it has now stabilized above the $95,000 level, with a 24-hour increase of nearly 5%. The bears have been thoroughly suppressed.

This rally is no coincidence. Multiple positive factors coincided in time, creating a resonance effect—institutional funds actively entering the market, retail investors following suit, and the trend naturally falling into place.

From a macro perspective, the CPI data released yesterday in the US met market expectations, with no unexpected inflation spike. This eased the tense nerves of the market, and expectations for the Fed’s rate cuts this year have significantly increased. Previously, investors generally expected only one rate cut, but now they are optimistic about more than two. The US dollar index has weakened accordingly, greatly reducing the appeal of holding dollars. Driven by the search for higher yields, risk assets have become new targets for funds, and as a benchmark asset in the crypto market, BTC has naturally become a target for capital chasing.

Technical signals are also strongly bullish. The four-hour chart shows continuous bullish candles breaking upward, although the KDJ indicator has entered the overbought zone, the price has not shown divergence and has been running close to the upper Bollinger Band—this is a typical strong short squeeze pattern. Any minor pullback will attract additional funds to enter and increase positions. Support levels are clearly identifiable: the previous upper oscillation zone of $93,000–$94,000 has now turned into a strong support. As long as this level holds, the bullish trend can continue; if it breaks, attention should be paid to the original starting point of $91,000.

Trading suggestions: BTC can consider long positions around $938–$943, with short-term targets at $960–$970, and mid-term focus on the $100,000 mark. ETH can also consider long positions around $3,230–$3,240, with targets in the $3,450–$3,500 range.