The first week of the new year has seen a clear rebound in the crypto market. Bitcoin tested highs twice yesterday, then retraced to 90800 and stabilized in the early morning. This morning, it broke through 92000 directly, reaching a high of 93359. Ethereum also performed well, finding support around 3116 and quickly rising to 3219. This wave of movement forms a typical "high point continues to rise" pattern.

The market's strength is driven by three main forces. First, the flow of funds is returning—spot Bitcoin ETF trading volume from European and American institutions has already surpassed the $2 trillion mark. Second, on-chain data shows that large holders are continuously accumulating. Third, market sentiment has shifted from fear to greed, entering the greed zone. From a macro perspective, the Federal Reserve's easing bias by 2026 is quite clear, and global regulatory frameworks are gradually stabilizing, removing many obstacles for large institutional deployments.

From a technical standpoint, the main resistance above Bitcoin is in the 93000-94000 range. A successful breakthrough could lead to new highs. The key support levels downward are at 91500-92000; if broken, the real bottom is at 90800-91000. For Ethereum, the current rebound strategy is dominant, with resistance around 3250-3280, and support levels at 3150-3170 and 3100-3120. Basically, a pullback to the support zone presents an entry opportunity.

However, it is important to note that the market can change instantly. Any operation must strictly follow stop-profit and stop-loss plans. Trading tests self-management skills the most—staying rational, controlling emotions, and avoiding chasing highs will help you go further.