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Bitcoin (BTC) has shown strong performance, once returning above $93000, with a nearly 2% increase, hitting its fifth consecutive rise. At present, the trading price is in the range of 91000 to 93000 US dollars, driving the overall rebound of the cryptocurrency market.
1: At the beginning of 2026, the market quickly recovered from a slight decline on New Year's Day, benefiting from the continued allocation of institutional funds and expectations of the Trump administration's pro crypto policies.
Geopolitical events, such as those related to Venezuela, have stimulated risk sentiment in the short term, driving up assets such as Bitcoin as safe haven tools.
2: Benefiting from the geopolitical events in Venezuela (US action to arrest Maduro) stimulating safe haven demand, Bitcoin quickly rebounded and broke through $93000, and market sentiment turned optimistic. The inflow of institutional funds is strong, and the burst of short positions across the internet exacerbates the bullish advantage.
3: At the beginning of 2026, the cryptocurrency market rebounded strongly, and the total market value rebounded. The Venezuela incident reinforces the narrative of Bitcoin's "digital gold" and drives mainstream currencies such as ETH. Short term risk sentiment is high, but pay attention to the Fed's policy and geographical uncertainty.
4: ETH has successfully stabilized at the psychological level of $3000, indicating that the bulls have some control. But the daily chart is still in a bearish trend, with MACD showing a golden cross below the O axis indicating a pullback;
Support: ETH3050-3080 USD (short-term bottom and near the 20th EMA)
Pressure: ETH3230-3260 USD (can be used as a basis for entering the trend chart)
Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact.
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.