On January 10th, BTC fluctuated around $90,600. The 24-hour volatility was modest, at approximately 2.66%, with the price range between $89,694 and $92,082.

From a key level perspective, support below is concentrated at $89,500-$90,000 (where the liquidation cluster is located), and further down at $89,000. Resistance above is at $91,000-$92,000 (with a clear short-term exposure), as well as at the upper band of the daily Bollinger Bands at $93,600.

In terms of technical indicators, the 1-hour RSI is at 48.8, indicating a neutral position; MACD shows bearish signs. The 4-hour chart is more definitive, with RSI dropping to 45.3 in the bearish zone, and MACD strongly bearish. However, on the daily level, the outlook is slightly more optimistic, with RSI at 52.1 leaning slightly bullish, and MACD also indicating a bullish trend.

The trading approach is to think in terms of oscillation. If resistance is encountered during a rebound, consider short positions with a stop-loss set at $89,500. If the price pulls back and stabilizes, there are opportunities for short-term longs; a break above $91,500 can be followed with a long position, with a stop-loss at $90,500. Currently, patience is key until a clear directional breakout occurs.