The Spring Festival market for cryptocurrencies appears particularly hot. Bitcoin and Ethereum are advancing together in this wave of momentum, with Bitcoin successfully breaking through the 91,000 level, and Ethereum surpassing 3,100. From the weekly chart perspective, if both major cryptocurrencies can maintain their positions above key levels by 8 a.m. tomorrow, the rebound target could point to 95,000, or even higher.
Interestingly, at the same time, gold and silver are showing signs of a pullback. Especially gold, which exhibits weakness on the daily chart, even hinting at a quick retreat after a false breakout. This phenomenon may indicate that gold is approaching a top in the current phase, with the possibility of reaching a historical high. However, there is a consistent pattern: periodic adjustments in gold often correspond with crypto rebounds, which justifies the current strength of Bitcoin and Ethereum. In comparison, silver's performance remains relatively resilient.
Looking at the three major US stock indices, the beginning of the year appears to carry more risk than opportunity. Although the indices have broken through some levels, their gains are limited, and they have pulled back afterward. This kind of low-amplitude fluctuation often signals risk accumulation. By the second half of 2026, the market will need to be more cautious.
Specifically for Bitcoin:
A key breakout has occurred on the daily chart — the descending trendline has been effectively broken, the RSI indicator has strengthened, and the Bollinger Bands are opening upward, with the price rising to the 91,000 level, which is the dividing line between bulls and bears. The weekly chart is about to close, and the credibility of this breakout depends on the position at 8 a.m. tomorrow. Once stabilized, the next clear target is 95,000. In the short term, there may be repeated battles between 98,000 and 102,000.
From a technical perspective, although the price is currently constrained by the Fibonacci 0.236 level, the MACD daily bars remain above the zero line, with increased volume signals on January 2. Overall, the rebound momentum still exists.
Support levels: 86,000—89,000
Resistance levels: 95,000—98,000—102,000
Ethereum's trend is equally impressive:
The daily descending trendline has also been broken, the Bollinger Bands are opening and rising along the upper band, and the MACD is above the zero line.