On January 11th, Bitcoin's price continued to hover around the critical resistance level of $92,000. Multiple attempts to break through were unsuccessful, and repeated resistance on the 4-hour chart further exposed market selling pressure.

Supply-side pressure indeed exists. Some analysts pointed out that recent upward movements lack accompanying trading volume, which is especially evident in weekend trading—without real capital backing, no matter how many technical signals there are, breakthroughs are hard to achieve.

The current situation is as follows: $92,000 is the ceiling, and $88,000 is the floor. Bitcoin is trapped within this range, unable to break higher or lower. This oscillation range was established after a few months of gains starting around $70,000. Historical experience tells us that stagnation near cyclical highs often leads to two outcomes—either the trend continues or a deeper retracement occurs. But the key is that the signals are not yet clear enough.

Next, it depends on whether a breakout can happen or whether to consider the safety of the support levels.

#美国贸易赤字状况 $BTC $BNB