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January 14th, Bitcoin breaks below 96,000! Bulls unleash full force, riding the trend
This morning, Bitcoin surged strongly, rising straight from around 91,000 and breaking through the key resistance level of 96,000 with an impressive increase. Trading volume expanded simultaneously, signaling clear market entry signals, and market sentiment is extremely euphoric — this is not a short-term pulse but a continuation of the upward trend, and a pullback is an excellent opportunity.
The 4-hour technical chart shows strong momentum: Bollinger Bands are opening upward, the price is stabilizing above the upper band, the middle band is moving up in sync, forming an ascending channel, with support closely watching the 92,000 level and the Bollinger middle band. Although the KDJ indicator's three lines are in the overbought zone, the J line continues to diverge upward, indicating that bullish momentum remains strong, and there is plenty of power for further upward movement.
Trading suggestion
Bitcoin: Long in the 94,400-95,000 range, targeting directly at 96,500-98,000