Bitcoin's recent performance has indeed been impressive. As of 06:00 on January 15, 2026 (UTC+8), BTC has surged briefly above the $97,000 mark, with CME futures quoting around $97,870. The 24-hour increase exceeds 3%, and intraday highs even touched $98,200, approaching the $100,000 psychological barrier.

What is behind this rally? Mainly, it’s the market’s risk appetite significantly improving after the release of US CPI data. Additionally, continuous large capital inflows into Bitcoin spot ETFs have strengthened buying momentum, pushing prices higher.

From a technical perspective, Bitcoin has successfully broken through the previous resistance at $95,000. However, currently, the price faces some resistance in the $97,000-$97,500 range. Short-term indicators also show some overbought signals, suggesting possible pullbacks or sideways consolidation to digest selling pressure. To see if the upward trend can continue, it’s crucial to hold above the resistance zone of $97,500-$98,000. Once stabilized, the $100,000 mark is within reach.

On the support side, focus on the $95,000-$94,500 range. In case of a pullback, this area should provide support.

Risks still need to be considered. Macroeconomic fluctuations, sudden reversals in ETF capital flows, profit-taking at high levels, or even geopolitical conflicts escalating—these black swan events could trigger sharp corrections in Bitcoin. Market volatility remains high, so caution is advised in operations.