As of 2:30 PM on January 10, 2026 (Beijing time), the cryptocurrency market's rhythm has become somewhat tangled—oscillating at high levels, with bulls and bears in confrontation. Major cryptocurrencies are generally stuck in range-bound consolidation, with macroeconomic factors and capital flows sending mixed signals.

**What the current prices look like**

Bitcoin(BTC) is currently hovering around $90,500, fluctuating between $89,343 and $91,838 over the past 24 hours. Looking downward, the support zone is between $89,000 and $89,500; pushing upward, it faces resistance at $91,500 to $92,000.

Ethereum(ETH) is now quoted at $3,080, with a slightly milder range, fluctuating between $3,057 and $3,144 over the past 24 hours. There is support at $3,050–$3,080 below, and resistance at $3,140–$3,150 above.

The total market capitalization is around $2.7 trillion, with Bitcoin dominating at 52%. Other mainstream coins are mostly moving in tandem with BTC.

**What the market is playing now**

In the US, December’s non-farm payroll data (adding 50,000 jobs, unemployment rate at 4.4%) shows neither a particularly good nor bad result. As a result, Bitcoin and Ethereum are reacting to this data with swings—unable to find a clear direction, repeatedly rubbing within a range.

Market liquidity is diverging—US spot BTC ETF has seen net outflows of $1.128 billion for three consecutive days, as large institutions cash out profits; meanwhile, ETH and other coin ETFs are attracting capital, with institutions quietly adjusting their allocations.

On-chain data and technical charts show Bitcoin and Ethereum engaged in a tug-of-war at critical levels. Leverage and volatility are low, indicating the market is more in a range-bound game rather than launching an attack.

**The logic looking ahead**

Factors supporting a rally include: the possibility of the Federal Reserve cutting interest rates, ongoing institutional allocations, long-term demand for spot ETFs, and tightening coin supply.

Factors pulling prices down include: unpredictable macro data, short-term profit-taking by institutions, regulatory uncertainties, and resistance levels suppressing upward movement.

**How to view the next two weeks and further out**

In the short term (1-2 weeks), the market is likely to continue oscillating within a range. Bitcoin must stay above $89,000; a key breakout point is at $92,000. Ethereum needs to hold above $3,050, with $3,150 as the upper limit for a rebound. Weekend volatility may be limited.

Looking longer-term (1-3 months), if Bitcoin remains anchored above $90,000, there’s a chance to push toward $95,000. Considering ongoing institutional allocations and the tightening supply environment, the mid-term target for Bitcoin is in the $120,000–$150,000 range. Ethereum’s rebound will depend on Layer 2 ecosystem developments and ETF capital flows.

**Practical trading strategies**

For short-term trading, consider light positions within support and resistance zones, buying low and selling high, with stop-losses properly set to prevent uncontrolled losses.

For medium-term positioning, buy in tranches whenever the price retraces to key support levels. But if the price breaks below strong support, it’s prudent to cut positions decisively to manage risk.