2026-01-02 13:24:39

New Year's Day, the cryptocurrency market was very quiet, with Bitcoin and Ethereum both trading within narrow ranges and showing little movement. But today is different; European and American institutions have resumed trading, and market liquidity has become active again. Since early morning, the two main cryptocurrencies have been slowly rebounding, and during the day, the upward momentum has continued.

Currently, Bitcoin has surpassed the 89,000 level and is approaching the 90,000 mark. Ethereum's performance is even more aggressive, regaining the 3,000 level, now trading around 3,050, completely erasing the decline seen on the evening of the 31st.

From a technical perspective, both Bitcoin and Ethereum are showing bullish alignment on the four-hour and hourly moving averages, and the MACD on the daily chart is also in an expanding phase. The candlestick prices have crossed the intersection of the MA5 and MA10 moving averages, with a support base forming at the bottom intersection, and signs of a golden cross are beginning to appear. However, after the price rebounds upward, the upper Bollinger Band on the daily chart has become a new resistance level, which may hinder further gains.

Today is also Friday, and the performance of the US market tonight will be crucial. Usually, the US market often faces resistance and pulls back to correct, and if that happens, the weekend might lack momentum, returning to a range-bound consolidation. Whether the bulls can push further may depend on next week's performance.

Bitcoin technical levels:
Resistance above at 90,000 and 90,600
Support below at 88,200 and 87,000

Ethereum technical levels:
Resistance above at 3,060 and 3,150
Support below at 2,950 and 2,880

BTC1,61%

ETH1,31%

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DefiPlaybook

· 01-02 13:41

According to data, the month-on-month growth rate of liquidity after institutional market reopening has reached a significant level. It is worth noting that the uncertainty of the US market performance remains a constraining factor. The rebound of ETH indeed aligns with technical expectations, but if the resistance zone between 3060-3150 cannot be effectively broken through, there is approximately a 42% chance of a double bottom risk next week. It feels like the old trick again—Friday's rebound often turns into a trap over the weekend. BTC at the 89,000 level is a bit awkward, just shy of 90,000 but unable to break through, a typical false breakout zone. Based on on-chain data, the volatility of large holders' positions has decreased by 28 basis points month-on-month, indicating that institutions are still in a wait-and-see mode. Friday's US market session is really critical; historically, the probability of a pullback during this period is relatively high. Beginners are advised not to chase highs.

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GasWaster69

· 01-02 13:29

The US market rebounds as soon as it opens, this rhythm is pretty good --- It's Friday again, the US market is a trap time, just waiting to watch the show --- Is 89000 about to break? Don't be silly, it will fall back again over the weekend --- Ethereum is fierce this wave, it has stabilized at 3050, but it feels like it's hitting the ceiling --- The upper Bollinger band is pressing down, don't be fooled into buying high, everyone --- The golden cross looks good, but I just want to ask how many times has it happened haha --- Lack of momentum over the weekend is the real issue, if the US market faces pressure again, I will laugh --- Whether 88200 can hold or not is the key

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DiamondHands

· 01-02 13:28

Damn, is it already 89,000? If the US market crashes on Friday, will we have to recover again? ETH 3050 is okay, but this rebound feels a bit fake. Let's wait and see if it breaks 90k or not. Institutions are back and starting to push, can we hold through the weekend? It feels like just a rebound correction; the real market trend will be next week. The US market is really unpredictable, always pulling this stunt.

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