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

Last night during the US trading session, BTC experienced a significant volume surge, 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 improved sentiment driven by economic data and possibly other market forces. From a technical standpoint, breaking through this multi-month resistance level is a good sign, but considering the volatility of the crypto market, it’s important to remain rational and cautious while continuing to monitor subsequent developments.