Bitcoin has broken through the key resistance level of $94,000. Macro-wise, the easing of trade tensions between China and the US, along with the Trump administration's tax cuts, have increased global risk appetite, leading to a surge of funds into the cryptocurrency market; at the same time, the highlighted conflict between Trump and the Federal Reserve underscores Bitcoin's safe-haven attributes. Technically, stabilizing above key moving averages has formed a 'golden cross', and the RSI is recovering; breaking through $100,000 will require more time.

In the short term, a pullback may occur, and if it falls below the $90,000 support level, it could retest the $86,000 - $88,000 range.

Once it stabilizes above $94,000, it is expected to challenge $100,000.