Bitcoin has given the bulls a big gift right at the start of 2026. In recent days, the market has been extremely bullish, with the price firmly above the high of $92,700. After the volatile days at the end of last year, the bulls finally straightened their backs at the beginning of the new year, with a total liquidation of $180 million across the entire network within 24 hours, clearly thoroughly "washed out" the shorts.

There are many positive news supporting this rally. First, the advancement of the US "Strategic Bitcoin Reserve" policy indicates that the digital asset competition among major countries has shifted from behind the scenes to the forefront, and this macro-level policy support is unprecedented. Second, market expectations are that the Federal Reserve will cut interest rates multiple times this year, which could improve liquidity conditions. More importantly, the profit-taking from last year has basically been cleared out, and the current chip structure looks quite healthy.

From a technical perspective, the previous resistance level of $90,000 has now become a strong support. If we can hold above $92k this week, the next key resistance level to watch is around $95,000. Some major institutions like JPMorgan have set their target price for 2026 at $150,000, which shows their strong confidence in the market’s future.

Short-term fluctuations are inevitable, so don’t be scared out. Keep an eye on the retracement opportunities around $91k, as that could be a good time to add positions. In the second half of the bull market, simply put, there are only two words—hold on.