#Strategy加仓BTC BTC has just broken through the 94,500 consolidation zone. What’s next?

From the chart, Bitcoin has finally broken through this key resistance at 94,500, and the next resistance level should be around 98,000. This price range presents quite a formidable resistance, so short-term traders need to be especially cautious. So the question is—why did BTC suddenly accelerate its upward movement?

Looking at the timeline, you'll notice the clue. After the CPI data was released last night, Bitcoin started surging higher. The core CPI was below expectations, which usually indicates that the Federal Reserve might have room to cut interest rates in the future. Such positive news can indeed stimulate the performance of risk assets.

But here’s a key point to remind everyone—interest rate cuts are unlikely in January. This can be seen from the pricing in the Wall Street interest rate market, which has already made this signal quite clear. In other words, this current rebound is likely just a phase, and the 98,000 or 100,000 levels could very well be the ceiling for this rally.

In terms of short-term trading, most people probably caught this opportunity by following the real-time CPI positive news yesterday. Before that, it was indeed advised not to rashly short at 92,500, as the breakout signal was already quite obvious. A more prudent approach would be to gradually short around the previous high of 94,000-95,000.

Now that the price has returned to the 94,000-95,000 range, short-term traders might consider closing positions and watching the market, waiting for around 97,500 to re-establish larger short positions. For long-term double leverage shorts, no adjustments are needed; just hold. I added another 10WU to cover near 98,000, consistent with our previous trading plan.

The overall target points to the Federal Reserve meeting at the end of January. If they indeed do not cut rates, the market is likely to see a significant pullback. After taking profits from the short at 116,000, we reversed to long at 80,000, and now we are re-establishing short positions between 94,000 and 98,000. Success or failure, gains or losses, will be clear by the end of January.