#数字资产动态追踪 January 4th, Bitcoin's price movement is quite interesting—opening at $88,305.8, climbing steadily throughout the day, with the intraday high reaching $91,600, and finally stabilizing above $90,000 (around $90,054.7), with a daily increase of nearly 3%.

What’s most noteworthy is that this rally isn’t driven by superficial volume; trading volume has clearly increased moderately—indicating genuine buying activity. From a technical perspective, the outlook also looks good: Bitcoin has broken above the key support zone of $88,000–$90,000 and has also stabilized above the 20-month exponential moving average (around $88,000), which is traditionally regarded as the long-term bull-bear dividing line. The deep correction since the October high seems to be losing downward momentum.

The daily chart details are also quite revealing—RSI has risen from the oversold zone and is now hovering near the neutral 50 level; the MACD’s green bars have appeared, indicating waning bearish momentum, and the bulls are starting to gain some主动权.

From market sentiment, the total cryptocurrency market cap has once again returned to the psychological level of $3 trillion. The Fear & Greed Index has rebounded from last week’s fear zone to 38, still cautious but showing that market sentiment is gradually easing. Signs of institutional funds gradually returning are quite evident, such as inflows into spot Bitcoin ETFs supporting this rally; mainstream altcoins are also mostly rising, indicating an improvement in market breadth.

Overall, the January 4th rally is a technical correction following the sharp decline in December last year. The main driving factors are twofold: one is the marginal improvement in macro liquidity expectations (such as the Fed’s rate cut expectations), and the other is the annual rebalancing of holdings.

Are there challenges ahead? Yes—levels at $92,500 (where the decline began in mid-December) and $95,000 are still resistance above. But from a short-term rebound structure, it’s already quite complete. As long as the $90,000 breakout can be solidified, there’s a good chance to test higher resistance levels.