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Is the bull market really just around the corner? The market in the first week of the new year has given us many signals. Prices have successfully broken through the previous consolidation range, market momentum is quietly warming up, and a major rally seems to be brewing.
At the beginning of the week, the bulls and bears clashed as usual — neither side managed to make an effective breakthrough. But the real show is yet to come. The market has quietly started to move, showing a steady upward wave pattern, with the bulls steadily testing higher levels. Bitcoin is particularly strong, breaking through the 90,000 mark, with a high of around $91,779. Ethereum is following the trend, rising to around $3,165.
From a technical perspective, the daily chart looks promising. Bitcoin is currently trading above the upper Bollinger Band, with four consecutive bullish candles breaking out strongly, driving the entire market upward, indicating a very aggressive bullish trend. The Bollinger Bands are widening, showing that market momentum is very strong.
On the four-hour chart, there is a slight pullback, which is a normal correction process. This brief consolidation is actually preparing for the next rebound — this is crucial. We focus on whether the previous breakout of 90,000 can hold as effective support. If it does, we can follow the bulls’ lead. The key resistance level to watch is at 95,500.
Ethereum is mainly following Bitcoin’s rhythm, and there’s no clear independent trend yet. Just follow the trend.
The current strategy is very clear: buy around 90,000 for Bitcoin, with a target of 94,500. If it breaks through, look at 96,000; for Ethereum, follow the bullish trend, with a target of 3,260, and after breaking through, aim for 3,400. The market is always moving, and riding the trend is the key to survival.