The market remains hot on January 5th! Bitcoin and Ethereum surged yesterday, pulled back to rest, and this morning they both pushed higher again, hitting recent highs, with the upward momentum fully unleashed!

Bitcoin twice approached the 91,000 level yesterday, stabilized at 90,817 after falling overnight, and this morning reached a high of 93,300; Ethereum also surged sharply, retraced to $3,116 overnight to gather strength, and this morning hit a high of $3,220, rebounding over 120 points from yesterday’s low!

Currently, there are three key points in the market: First, the destination of Venezuela’s $60 billion Bitcoin reserves remains a mystery, coupled with the suspected insider trading incident on the Polymarket platform, which temporarily disturbed market sentiment but did not change the overall upward trend; second, major Western institutions resumed work for the new year, with capital flowing back into the market, making it more active, and expectations of the Federal Reserve’s easing policy further fueled the rally; third, Ethereum’s ecosystem is highly favored by institutions, with trading volume consistently leading Bitcoin, strengthening its leading position.

From a technical perspective, Bitcoin broke through its previous high but the momentum has slightly slowed. Short-term resistance is at 92,900-93,000, with support at 90,800-91,000; Ethereum shows even stronger performance, not yet in overbought territory, with resistance at 3,200-3,250, and support at 3,116-3,120.

Finally, a reminder: don’t envy others’ short-term gains, the market never lacks opportunities! Stay calm, manage risk well, and you can make money in the long run! $BTC #ETH走势分析