Yesterday's crypto market movement can be summarized in one sentence: the bulls continued to exert strength, but it's also time to beware of overbought risks.

Let's start with the main players. Bitcoin is currently trading around $92,900, with a 24-hour increase of nearly 2.1%, reaching a high of 93,359 at one point. During the early hours, it retested the key support level at 90,800 but didn't give bears much opportunity, quickly bouncing back with a strong rebound. Ethereum also didn't lag behind, now priced at $3,180, up about 1.85%, having touched a high of $3,219 earlier, then pulling back to $3,116 before starting to rise again. This "higher high" structure still looks quite solid.

Looking at the overall market, the total market cap is approaching $2.7 trillion, with 24-hour trading volume up 12% compared to the previous period, indicating continuous capital inflow. Notably, Tether added $800 million worth of Bitcoin on the first day of the new year, a move that somewhat signals optimism from institutions. The Fear & Greed Index is currently at 26, gradually recovering from the extreme fear zone to the normal fear zone, showing market sentiment is improving, though not yet optimistic.

Regarding trading strategies, different groups have different approaches. If you're already holding positions, the smartest move now is to raise your stop-loss levels. For Bitcoin, set it around $90,000; for Ethereum, around $3,100. Those who are bearish can wait patiently for a pullback to support levels before entering. If you insist on chasing the high, remember—keep your position small! And strictly control your stop-loss. One last red line: under no circumstances should you heavily chase highs; this is a trap you set for yourself.

From a technical perspective, Bitcoin's support range is between 90,800 and 91,500, with resistance levels at 93,000 to 94,000. Ethereum's support is between 3,116 and 3,150, with resistance at 3,200 to 3,250. Keep these levels in mind to help you decide when to enter or exit.