The U.S. Department of Labor officially released the Consumer Price Index (CPI) data report for December 2025 on January 13, 2026, at 8:30 AM Eastern Time. The report shows that the overall inflation rate remained stable, fully in line with market expectations. However, core inflation was slightly lower than expected, bringing a small positive signal to the market.
After the CPI data was released, the market was almost certain that the Fed would remain on hold this month, keeping interest rates unchanged in the 3.5%-3.75% range; the chances of restarting rate cuts in March and April slightly decreased, reported at 26.1% and 33.8%, respectively.
Affected by the CPI data, risk asset sentiment warmed up, and the cryptocurrency market saw a short-term rebound. Bitcoin's price briefly broke through $92,500, but selling pressure emerged shortly after, leading to a slight pullback. Ethereum's trend was similar, peaking at $3,160 when the CPI data was released.
The precious metals market was even stronger, with spot gold briefly rising above $4,620, setting a new historical high, while spot silver surged even more, breaking through $87, with a daily increase of over 3%.
Today (14th), the crypto market welcomed a long-awaited celebration. Around 6 AM, Bitcoin experienced a strong upward attack, reaching a high of $96,495, refreshing the highest record in nearly two months. As of the time of writing, it has pulled back to the $95,000 level. Ethereum also followed Bitcoin's lead, pulling back to $3,350 as of the time of writing. With key resistance levels being strongly broken, the market staged a "short squeeze," causing significant losses for investors who were previously bearish. In the past 24 hours, the crypto market experienced over $685 million in liquidations, with shorts accounting for $598 million.
Bitcoin Four-Hour Chart
From the BOLL perspective, the price experienced a strong surge, running directly along the upper band, which has been clearly opened, indicating the strength of the trend. However, the K-line has now pulled back from the upper band and is starting to approach the middle band. Simply put, sticking to the upper band means that short-term gains may be overextended, while a pullback to the middle band is a normal trend correction and does not indicate a shift to bearish. As long as the price does not fall below the middle band, the overall structure of the bulls remains intact.
Observing the KDJ indicator, the K, D, and J lines are all in the high region, with the J line starting to turn downwards, showing a typical correction state after high-level dullness. In simple terms, chasing long positions now may face short-term volatility risks, and waiting for the price to stabilize after a pullback would be a safer choice.
Looking at the MACD indicator, in detail, although the MACD red histogram still exists, indicating that bullish strength has not left the market, the red histogram has started to shorten, showing that upward momentum is weakening. However, the DIF and DEA lines have not yet formed a death cross. Overall, the current upward momentum is in the process of digestion but has not developed into a bearish reversal stage.
Through Fibonacci retracement analysis, key support levels are quite clear: the 23.6% level is around $94,296, forming the first support; the 38.2% level is around $92,949, which is a stronger support area; the 50% level is around $91,861, which can be seen as the lifeline for bulls. From the current perspective, the range of $94,200 to $93,000 is the most likely area to form a bottom and enter a consolidation phase. The $91,800 level is crucial; if it is broken, one should be cautious of a potentially deeper short-term adjustment.
In summary, this is not a peak but a technical pullback after a surge. There is short-term room for a pullback, but the trend remains in a bullish channel, belonging to the category of "having risen too much and needing to catch a breath." This pullback position is close to the rising trend line, causing the support line, trend line, and Fibonacci retracement levels to form a technical resonance. This structure typically leans more towards a consolidation rather than a major sell-off by the main force.
Based on the above analysis, the following suggestions are provided for reference:
If the price pulls back to around $94,000, it will then enter a sideways consolidation to repair technical indicators, after which it will gather strength to attack again, aiming for above $96,500.
If the price falls below $94,000, it may further test $93,000 or even around $91,800, but may quickly rebound afterward, completing a deep washout. In either scenario, as long as the key level of $91,800 is not effectively broken, the overall upward trend should not be viewed as bearish.
A true bullish market never fears a pullback; what needs to be cautious is blindly chasing after the highest point. The current position is not suitable for chasing long positions. A more reasonable strategy is to patiently wait for a pullback confirmation signal. At the same time, one should remain vigilant; if there is a surge at high levels but no breakthrough occurs, be wary of the risk of being lured into long positions. Overall, the market is in a normal consolidation phase within a strong trend, and the bullish pattern remains unchanged above key support.
Giving you a 100% accurate suggestion is not as good as providing you with the correct mindset and trend; teaching someone to fish is better than giving them fish. It is suggested to earn for a moment, but learning the mindset will allow you to earn for a lifetime!
Writing time: (2026-01-14, 21:10)
(Written by - Daxian Talks Coins) Disclaimer: Online publication has delays; the above suggestions are for reference only. Investment carries risks; proceed with caution!
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