The market on January 10th showed a typical divergence pattern. Bitcoin is currently trading at $90,500, fluctuating within the range of $89,500-$91,500. Resistance is concentrated around $91,500-$92,000, while support is at $89,000-$89,500. Ethereum performs relatively steadily, currently at $3,080, with an activity range between $3,050 and $3,140. Technically, $3,140-$3,150 acts as a resistance level, and $3,050-$3,080 is a key support.

Macro factors remain the dominant force. The US December non-farm payroll data shows 50,000 new jobs added and an unemployment rate of 4.4%, a lukewarm result. This data caused market volatility—US stocks rose nicely, but the dollar continued to strengthen, exerting clear pressure on risk assets like Bitcoin.

From an institutional perspective, spot BTC ETFs experienced net outflows of $1.128 billion for three consecutive days, indicating large investors taking profits at high levels. In contrast, ETFs for Ethereum and other coins are attracting funds, suggesting a shift in institutional allocation strategies toward more diversification. Notably, MicroStrategy has recently added another 1,287 BTC at an average price of $90,391. The company's total holdings now reach 673,783 BTC, with an average cost of only $75,024—this cost advantage is quite significant.

In the past 24 hours, over 80,000 traders worldwide have been liquidated, with total losses exceeding $200 million. Such extreme volatility is indeed accumulating risk.

In terms of trading strategy, BTC can attempt short positions around $91,500-$92,000 or go long near $89,000-$89,500, with each stop-loss set at 500 points. The approach for ETH is similar: short at $3,140-$3,150 or long at $3,050-$3,080, with each stop-loss at 30 points. Weekend liquidity tends to be weaker, and volatility can amplify, so it’s best to control position sizes and stick to a quick in-and-out rhythm.