Currently, the crypto market is oscillating within a high-range box, with Bitcoin and Ethereum leading the battle between bulls and bears, and macroeconomic factors and capital flows influencing the short-term direction. For now, it’s best to operate with a range-bound mindset.

**Spot Price Overview**

As of the afternoon of January 10, Bitcoin is around $90,600, with a 24-hour range of $89,343 to $91,838. The actual active fluctuation zone is between $89,500 and $91,500. Ethereum is quoted at $3,080, with intraday volatility between $3,057 and $3,144. The core trading range is $3,050 to $3,140.

**Technical Outlook**

For Bitcoin, there are two strong support levels below—$89,000 to $89,500, which is a relatively firm support zone, and the $89,000 integer mark should not be underestimated. Resistance above is around $91,500 to $92,000, with the upper Bollinger Band on the daily chart at $93,600. These levels are tightly constrained. From indicators, the 4-hour RSI is only 45.3, clearly bearish, and the MACD is signaling a bearish trend; however, the daily RSI is at 52.1, slightly bullish, and the MACD still shows bullish momentum. This indicates a short-term bearish and medium-term bullish tug-of-war.

Ethereum’s support is at $3,050 to $3,070, which marks the dividing line between bulls and bears, with the psychological level of $3,000 also worth noting. Resistance is concentrated around $3,140 to $3,150, with medium-term resistance at $3,200. Currently, the rebound struggles to break through $3,140, and if $3,050 gives way, there could be an accelerated move down toward $3,000.

**Macro and Capital Flows**

In the US, December non-farm payroll data presents a dilemma—only 50,000 new jobs were added, and the unemployment rate is 4.4%. The market reacted with a brief rally followed by a pullback. This has made the zones around $91,500 to $92,000 (Bitcoin) and $3,140 to $3,150 (Ethereum) strong resistance levels. The Federal Reserve is highly likely to keep interest rates unchanged at the January meeting, but there are disagreements about whether to cut rates, and this uncertainty is suppressing liquidity.

From a capital perspective, Bitcoin spot ETFs have experienced net outflows of $1.128 billion for three consecutive days, indicating profit-taking by institutions. Conversely, ETFs for Ethereum and other coins are seeing net inflows, with capital shifting toward more diversified allocations. The total open interest in derivatives markets is declining, and funding rates still favor longs slightly, but liquidation pressure is concentrated around $91,000 to $92,000 (Bitcoin) and $3,100 to $3,140 (Ethereum).

**Stable Operation Strategies**

In the short term, the approach is to buy low and sell high. For Bitcoin, trade within the $89,500 to $91,500 range, engaging in range trading; if it breaks below $89,000, stop-loss and exit. For Ethereum, operate between $3,050 and $3,140, with $3,050 as a critical support level. For medium-term strategies, watch the Federal Reserve’s rate decision and ETF capital flow turning points. Once Bitcoin breaks above $92,000 and Ethereum surpasses $3,150, it’s a signal to go long; if Bitcoin falls below $89,000 and Ethereum drops below $3,000, then switch to a short-term bearish stance.

**Don’t Forget the Risks**

Macroeconomic data may continue to fluctuate, ETF capital could keep flowing out, and regulatory policies could suddenly intervene—especially over the weekend when liquidity tends to shrink, potentially amplifying volatility.

Currently, the market lacks a clear direction in the short term, with prices oscillating within a range as main cryptocurrencies test support and resistance levels. The real turning point will depend on new catalysts—such as the outcome of the rate decision or renewed ETF inflows—that can break the current deadlock.