Yesterday's BTC market was quite interesting—first rebounding from around $89,800 to $92,000, then being knocked back by profit-taking, now oscillating around $90,500. The long upper shadow on the daily chart clearly indicates one thing: the bulls and bears are currently in a fierce tug-of-war.

The current market logic is still revolving within a range, moving sideways while waiting for data. Where are the most direct support and resistance levels?

Looking downward, $90,000 is a psychological barrier, with the platform below at $89,000–$89,500, which has been tested repeatedly; this is the last line of defense for the bulls. If it truly breaks, then we look at $88,000 (the lower boundary of the Bollinger Bands). Looking upward, the $91,500–$92,000 zone is the strongest resistance, with yesterday’s high right there, also a repeatedly tested pressure zone. If broken through, the next target could be $93,600 (the upper boundary of the daily Bollinger Bands).

Today’s market key points: first is macro sentiment. This Wednesday (January 13), the US December CPI data will be released, followed by PPI on Thursday (January 14). These two data releases are currently attracting a lot of attention. The market’s rate cut expectations have been pushed to June. If the data shows inflation cooling down, BTC might have a chance to surge to $95,000; conversely, if inflation remains stubborn, it might drop to fill the $88,000 gap.

The capital situation is quite complex. The US spot BTC ETF has experienced net outflows of $1.128 billion for three consecutive days, indicating that institutions are taking profits in batches—a very clear signal. But at the same time, large holders are accumulating on dips, so there’s still some disagreement among investors.

Regarding technical indicators, the daily RSI is at 52.1, slightly bullish, and the MACD also signals a bullish trend. However, the 4-hour RSI is bearish, and the MACD shows strong bearish signals. This divergence across multiple timeframes actually confirms the current state: attempts to push higher lack strength, and during pullbacks, support levels are holding. This is the current characteristic of the market game.