Today (January 6th ) noon, the digital asset market continued its strong rally, with the total global market capitalization reaching approximately $3.3 trillion. The 24-hour increase remained steady at around 1.3%, and the daily trading volume even broke through the $143 billion mark.
Looking at the performance of mainstream coins—Bitcoin found support at the $92,373 level last night and then surged directly, rushing to $94,758. It is now oscillating between $93,000 and $95,000. The overall 24-hour increase is about 0.93%, with a market cap maintained at around $1.8 trillion, and market dominance (leadership) accounting for 56.8%. Ethereum followed closely, with its price stabilizing above $3,200 and even touching $3,264. The single-day increase is 1.83%, with a market cap of $39 billion, showing signs of accelerating its breakout pace.
Several factors are driving this rally—spot Bitcoin ETF continued to attract capital, expectations of Federal Reserve rate cuts heated up, plus the recent approval of the first batch of cryptocurrency spot ETFs in Hong Kong. These factors combined have pushed market sentiment into the "extreme greed" zone. However, from a technical perspective, the RSI indicator on the hourly Bitcoin chart is approaching the overbought zone, indicating short-term pullback pressure. Special attention should be paid to the $95,000 level, which could serve as a resistance point in this rebound.
That said, market volatility is inherently intense, and domestic policies have always been explicitly against virtual currency trading and speculation. Investors should not be fooled by short-term fluctuations amplified by high leverage. Stay away from illegal channels and choose legitimate and regulated methods to protect your assets.
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ChainProspector
· 01-07 17:06
$95,000 really won't last long, the RSI is already overbought. Be careful, this rebound might go back down again.
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TeaTimeTrader
· 01-07 09:09
You really need to keep an eye on the $95,000 level; with RSI already overbought and still pushing higher, it's a bit risky.
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GasFeeBarbecue
· 01-06 06:02
The 95,000 resistance level really needs to be watched closely; it feels like breaking through might require a bit more waiting.
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NFTHoarder
· 01-06 06:02
Can $95,000 be broken? It feels like this wave will pull back.
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SingleForYears
· 01-06 05:58
This threshold of 95,000 is really making me nervous; the RSI is almost overbought, brother.
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BlockchainBard
· 01-06 05:44
You really need to keep a close eye on the 95,000 level, or it might plunge again.
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wagmi_eventually
· 01-06 05:41
The $95,000 hurdle must be held steady, or else there will be a short-term pullback.
Today (January 6th ) noon, the digital asset market continued its strong rally, with the total global market capitalization reaching approximately $3.3 trillion. The 24-hour increase remained steady at around 1.3%, and the daily trading volume even broke through the $143 billion mark.
Looking at the performance of mainstream coins—Bitcoin found support at the $92,373 level last night and then surged directly, rushing to $94,758. It is now oscillating between $93,000 and $95,000. The overall 24-hour increase is about 0.93%, with a market cap maintained at around $1.8 trillion, and market dominance (leadership) accounting for 56.8%. Ethereum followed closely, with its price stabilizing above $3,200 and even touching $3,264. The single-day increase is 1.83%, with a market cap of $39 billion, showing signs of accelerating its breakout pace.
Several factors are driving this rally—spot Bitcoin ETF continued to attract capital, expectations of Federal Reserve rate cuts heated up, plus the recent approval of the first batch of cryptocurrency spot ETFs in Hong Kong. These factors combined have pushed market sentiment into the "extreme greed" zone. However, from a technical perspective, the RSI indicator on the hourly Bitcoin chart is approaching the overbought zone, indicating short-term pullback pressure. Special attention should be paid to the $95,000 level, which could serve as a resistance point in this rebound.
That said, market volatility is inherently intense, and domestic policies have always been explicitly against virtual currency trading and speculation. Investors should not be fooled by short-term fluctuations amplified by high leverage. Stay away from illegal channels and choose legitimate and regulated methods to protect your assets.