The cryptocurrency market keeps going up and down like this; only those who can withstand the shocks can enjoy real profits. I just reviewed the 4-hour chart of BTC and realized something quite interesting.

Looking back at previous days, BTC's price was tightly squeezed between $86,000 below and $92,000 above, unable to break higher or fall lower. At that time, the middle line of Bollinger Bands was still being pushed down, indicating the overall trend was still leaning bearish, but the lower band had started to level off, meaning the market was in a bottom-digging phase. This "dead" market type is uncomfortable, but it’s exactly when savvy traders start accumulating positions.

Regarding the news, there are a few notable points. First, the inflow of funds into Bitcoin ETFs has significantly slowed down; after continuously flowing out for a week, it stopped on January 20, but recent data shows institutions are starting to observe the market again. This is understandable because the $90,000 level has been tested repeatedly, and everyone fears becoming the "last bottom-finder."

Second, the US NASDAQ index increased by 0.28%, but the Dow Jones dropped by 0.58%. This divergence also affects the crypto market, causing risk appetite to fluctuate. Third, although the SEC has removed cryptocurrencies from the list of priority risks, next week they still need to discuss with the CFTC about regulation, so the market is worried about unexpected policy moves.

I recall last November, BTC also fluctuated in a similar range for a week, then due to CPI data lower than expectations, it broke the resistance level and surged 14,000 points. The current situation seems similar. In terms of indicators, RSI has moved up from the oversold zone, the J value of KDJ is about to bottom out and recover, the green MACD bars are shortening—all signals of a "bear exhale." But why hasn't the price risen yet? Straightforward answer: because trading volume isn’t enough, no big capital is entering, like a horse pulling a cart that hasn't eaten enough—can’t run fast.

I often say, "Rising without volume is a scam, falling without volume is a paper tiger." The current shock is actually a process of accumulation of strength; just wait and see which straw will finally topple the camel.

Therefore, today's action is very clear: if you hold BTC, as long as the $86,000 level isn’t broken, don’t rush to cut losses; this position still has buying power. If you want to enter the market, don’t chase high prices, or wait for a break above $92,000 before entering, or buy in multiple installments near $86,000, but the position shouldn’t exceed 20% of total capital, because the trend isn’t fully clear yet.

Finally, tomorrow the US will release CPI data, and like last year, this could be the catalyst for a breakout. I will monitor the actual situation and update everyone.

Five years in crypto, I’ve seen markets rise and fall, fallen into traps, and learned that shocks are the most uncomfortable moments. But remember: only those who can endure loneliness can maintain prosperity. In investing, risk and opportunity always go hand in hand; reckless actions should be avoided.