Entering the first week of January, the crypto market has shown a clear warming trend. Bitcoin broke through the 90,000 mark again on the 4th, and the sentiment has shifted from previous panic to cautious optimism.

From a technical perspective, 88,000 is a very critical support zone, and the continued capital inflow into spot ETFs is also helping to boost the market. As of Monday morning, Bitcoin has stabilized above 92,000, with the next key resistance at 95,000. Ethereum and XRP also followed with a small rebound.

On the macro front, inflation data is improving, and the resilience of the US economy is also quite good, which has added points to the market. Speaking of which, although the halving expectations at the end of last year didn't trigger a explosive rally, the market structure has been quietly changing — institutional capital is gaining more influence, and volatility is actually converging.

Looking ahead to 2026, many analysts believe Bitcoin could reach the range of 120,000 to 150,000 USD. The market will likely still experience fluctuations and consolidation in the near term, but the key is whether it can hold the 91,500 level. If it stays steady, there's a real possibility of hitting a new all-time high in the first quarter.