#以太坊大户持仓变化 BTC and ETH continue to demonstrate strong performance today (January 6th). The overall market looks to be in a "volatile but bullish" rhythm, but there's a need to keep a string in mind — the risk of overbought signals and upward resistance levels causing a sharp pullback cannot be ignored.

**Market Quick Review (as of 9:00 January 6th)**

BTC struggled a bit after reaching around 95,000, currently trading just above 93,800, with a 24-hour increase of about 3.2%. ETH has surpassed the psychological level of $3,200, now at around $3,210, with a 24-hour gain of 2.8%. From the trend, ETH is moving in tandem with BTC, but the momentum isn't as strong.

**Why is it rising?**

First, on the macro level, expectations of Federal Reserve rate cuts are strengthening, making risk assets more attractive. Large net inflows into spot ETFs indicate continuous institutional buying. Second, geopolitically, tensions in Venezuela have increased, boosting risk aversion sentiment, which also lifts cryptocurrencies and precious metals. The Fear & Greed Index has entered the greed zone, reflecting a generally optimistic market sentiment. Third, on-chain data shows large holders are accumulating during dips, indicating strong long-term confidence. The cumulative trading volume of ETFs has surpassed $2 trillion, significantly increasing market depth.

**Technical Levels to Watch**

**BTC:**
- Resistance mainly at 95,000-96,000 (areas with accumulated December trapped positions) and 98,000
- Support levels at 92,000 (strong daily support), 90,800 (previous high now acting as support), and 90,000 (bottom line)
- The daily MA5 and MA10 have already formed a golden cross, but the 4-hour RSI is overbought, which presents a conflicting signal. Overall, volume and price are aligned, but at high levels, there’s a tendency for "new highs - slight pullback - sideways consolidation" cycles.

**ETH:**
- Resistance at 3,320-3,350 and 3,420
- Support at 3,140-3,180 (area of balance between bulls and bears) and 3,100-3,120 (actual defensive bottom)
- The daily bullish pattern remains intact; the 4-hour pullback confirmed support, with larger fluctuations than BTC. As long as 3,100 holds, the bullish trend can continue.

**Current Outlook and Trading Strategy**

In the short term, the bullish pattern remains, with BTC showing signs of "not wanting to undergo deep correction," and ETH "bouncing after a pullback and continuing upward." Overall, the trend looks healthy. However, risks include overbought RSI and resistance levels with selling pressure, making sharp pullbacks likely after a rally. The probability of sideways consolidation at high levels is increasing, so caution is advised against chasing highs.

**Specific Recommendations:**
- For those holding long positions, use 92,000 for BTC and 3,140-3,160 for ETH as support levels; cut losses if these are broken.
- For those looking to build positions, wait for a pullback to support zones before entering in batches; avoid chasing high at current levels.
- Profit targets are around 95,000-96,000 for BTC and 3,350-3,480 for ETH. Take partial profits when approaching resistance levels.

**What’s Next?**

In the short term, expect high-level consolidation and accumulation. Breaking above 96,000 could open new upward space. Conversely, if 90,000 support is lost or ETH drops below 3,100, a correction may begin. Looking ahead, factors like rate cut expectations, ETF capital inflows, and clearer regulatory environments are favorable for bulls. The bullish trend is likely to continue, but the key remains whether capital inflows can stabilize and how the Federal Reserve will act next.