Bitcoin broke through $96,000 and is now trading at $96,111, with a 24-hour increase of 1.53%.

On January 1, the total net inflow of Bitcoin spot ETFs was US$5.3181 million, of which Fidelity FBTC had a net inflow of US$36.8115 million, Bitwise BITB had a net inflow of US$8.6760 million, and Grayscale GBTC had a net outflow of US$9.6325 million.

Trump will take office at the end of this month. Before that, Trump was very enthusiastic about Bitcoin assets. The market expects that he will still be able to stimulate the price of Bitcoin after he takes office, so it may limit the extent of the correction in the short term.

Technical: Looking at the 4-hour chart, the price is in a Wyckoff accumulation trend, with a significant increase in volume as the price fell below $92,500, indicating that funds are accumulating in this area. If the price breaks through the upper edge of the channel and trading volume continues to increase, it may enter an upward stage. Looking at the MACD and 20-day moving average, short-term momentum is negative, supporting a short-term bearish bias. However, the monthly MACD indicator continues to support a bullish long-term outlook, suggesting that Bitcoin still has upside potential from a long-term perspective.

1.2 days

Bitcoin: 93,600-, more than 94,100, target 95,100-97,000, stop at 93,100

Ethereum: more than 3335-3365, target 33420-3480, stop at 3295