#比特币2026年行情展望 As of the evening of January 19, Bitcoin has been fluctuating around $92,000, short-term in a weak oscillation pattern. From a technical perspective, an M-top pattern has appeared on the 4-hour chart, with the highs gradually decreasing, indicating clear control by the bears. The key support level to watch is $92,000—if it breaks, the next level to watch is whether $90,000 can hold; otherwise, $88,000 may also be tested. Conversely, if it can stabilize above $96,000, the rebound space will open up.

The fundamentals also show some pressure. Uncertainty from US-EU tariff disputes has suppressed market risk appetite, with longs closing positions, and ETF capital inflows remain lukewarm, with institutions generally being conservative. Overall, it is likely that the next week will see repeated consolidation within the $89,000-$96,000 range. Once this band is broken, the trend will extend accordingly. Therefore, the gain or loss at $92,000 has become a key point to watch continuously.

⚠️ Cryptocurrency volatility is intense; the above is only technical analysis and not investment advice.