January 6 BTC Market Review. Overall assessment: the bullish trend is confirmed, but there are indeed signs of overbought in the short term. In this situation, it is recommended to focus on **buying on dips**. If a volume breakout occurs, you can also consider a small position follow-up. The key is to strictly control position size and set tight stop-losses; avoid trying to short against the trend.

**Market Status (Updated at 13:45 on January 6)**

The price is currently around 94,500, with a high of 95,245 today. From the daily chart, consecutive bullish candles are forming, and the 5-day and 10-day moving averages are also in a golden cross upward pattern. On the indicator level, the daily RSI is about 66, which is relatively strong; however, the 4-hour and 1-hour RSI are both in the 78-80 range, clearly overbought. The MACD still shows a bullish trend, but caution is advised for short-term corrections at this level.

Both capital flow and sentiment are quite optimistic—fear and greed index is at extreme greed, spot ETF continues to see net inflows, indicating strong institutional buying pressure.

**Key Price Levels (USD)**

Support levels: 93,000 is the nearest support; the 92,300-92,800 zone is derived from trendlines and previous highs, and is very critical; below that, 90,000 is an integer psychological level; the 89,600-88,800 range is a strong support zone.

Resistance levels: 94,700-95,000 are intraday highs and psychological barriers; the 95,000-96,000 zone has quite a few trapped longs.

**Trading Strategy (Gradual Positioning, Risk Control First)**

For those without positions: two ideas—first, if the price stabilizes after a pullback around 92,300-92,800, consider a small long position with a stop-loss below 88,800, targeting 94,000-95,000. Second, if a volume-confirmed breakout above 95,000 occurs, you can add a small long position, but set the stop-loss at 94,000, with targets at 97,000-98,000. Never chase highs; wait for a pullback or clear breakout signals before acting.

For those already holding long positions: it is recommended to move the stop-loss up to 93,000 to lock in risk, then take partial profits in the 94,000-95,000 range. If you want to short, **only attempt a very small position when 95,000 proves difficult to break and a volume-driven pullback occurs**, with a stop-loss at 95,500 and a target of 93,000. Be quick in and out; avoid holding on to losing positions.

Regarding risk management: total position size should not exceed 30%, with individual trades not exceeding 10%. Stop-losses must be strictly enforced—never hold onto losing trades. Focus on whether 95,000 can be effectively broken with volume, and monitor whether the strong support at 89,600-90,000 is broken. If support is broken, adjust your strategy accordingly.

**Risks to Watch For**

In such an overbought short-term state, a technical correction to the 93,000-92,000 zone can happen at any time. Don’t fear it; a stabilization after a pullback is actually a low-entry opportunity. Additionally, if there are sudden macro or regulatory news, volatility may increase. In such cases, reduce your positions and observe; don’t try to fight the market.