The New Year’s residual heat is still lingering, and many people are still watching the market. Looking at the recent market rhythm, Bitcoin is under obvious pressure, with the bottom slowly rising, and buying volume is not aggressive enough. The entire night relied on shrinking volume and downward lines to push the price up, without significant volume increase. Whether the short-term rebound has already completed remains uncertain. To put it simply, as long as there is no major negative news, the market’s self-repairing momentum is still there.

The opening time of the US stock market is very critical. It is still in a closed state now, and no one knows how it will play after opening. The rise and fall of this round of market cannot be separated from the story of ETFs; success and failure are both linked to ETFs.

It is worth noting that some old coins have recently become active. DOGE, PEPE, ENA, SUI, and WIF have all surged quite a bit recently, while XRP is a bit lagging behind the rhythm. Recently, the strategy was more like casting a wide net, and PEPE’s increase is the most prominent. If Bitcoin can consolidate sideways in the next few days, it might really trigger a wave of altcoin rallies. Recently, there have been many new meme coins emerging, with scenes of several K-lines doubling in value not uncommon.

From a technical perspective, mainstream coins have stabilized above all major moving averages, with the moving average system arranged tightly and structurally stable. MACD remains in a golden cross state, coupled with volume breakout through key psychological resistance levels. Although RSI and Bollinger Bands show overbought signals in the short term, medium-term indicators still maintain a strong posture. The effective increase in trading volume also supports the expectation of further upward movement. After consolidation, there should still be room for a push higher.

BTC has support around 88,300-87,500, and may test the range of 89,400-90,600 afterward; ETH has support around 2,980-2,960 and is expected to surge toward 3,035-3,085.