1.8 BTC Evening Market Analysis

**Current Key Contradiction**

Bitcoin volume surged in the afternoon, breaking below the 90,000 USD integer level. The active selling volume hit a new high since December 23, triggering a profit-taking wave and a correction. However, from the institutional side, Bernstein remains optimistic, maintaining a target price of 150,000 USD by 2026, which contrasts sharply with the current technical breakdown. Macroeconomic data such as unemployment benefits have become key catalysts, and the bullish and bearish opinions are unusually polarized.

**Technical Trend Analysis**

The daily chart still shows a bearish structure that has not changed. During rebounds, trading volume is noticeably insufficient, and the upward attempts lack strength. This indicates that the current phase is a technical correction after the New Year’s rally. The 90,000 level, which was previously support, has now turned into resistance. 89,500 is the intra-day strength/weakness dividing line; whether it is broken or not directly affects the potential volatility range tonight. The market is likely to remain in low-range oscillation tonight, with no clear reversal signals appearing.

**Trading Recommendations (Strict risk control, must use stop-loss)**

Short opportunities: If signs of stagnation appear at the resistance zone of 90,800-91,000, consider a small position follow-up, targeting the 90,000-89,600 area.

Long zone: Do not bottom fish before the price firmly breaks above 91,200 with volume. This correction contains traps and is easy to miss the move.