Market Briefing for the Night of January 8. $BTC is currently around $91,250, with a 24-hour decline of 0.6%. The intraday trading range is between $91,000 and $93,000, with a low of $91,007.

From a technical perspective, the $92,000 level is the dividing line between bulls and bears. Support at $91,500 is relatively solid, while $93,500 faces clear resistance. From a capital flow perspective, the net inflow of ETFs has slowed down, and the overall market leverage is not high, indicating that both bulls and bears are intensifying their game.

In the short term, the trend is expected to oscillate within this range, with the key being whether $92,000 can be effectively broken. A breakout would open up upward space. Investors are advised to adopt a wait-and-see approach at this time, awaiting clearer directional signals.