The crypto market funding landscape on January 22 showed a clear divergence. Bitcoin spot ETFs experienced a net outflow overall, with a single-day outflow of $32,108,100. Among them, the IBIT under BlackRock performed the best, contributing a net outflow of $22,352,900, becoming the main driver of the outflows. In contrast, Ethereum spot ETFs performed worse, with a total net outflow of $41,977,200, indicating a significant increase in market risk-averse sentiment towards mainstream coins. Only the Solana spot ETF defied the trend, recording a net inflow of $1.71 million, showing that some institutions still maintain investment enthusiasm for the new blockchain ecosystem. Overall, this wave of capital adjustment may reflect the market's cautious attitude towards recent market conditions.

Bitcoin Hourly Chart: Price and Support/Resistance Current price: 89571.5, within the recent narrow fluctuation range (88000–91000). Key support: recent low at 87200.1, below which 88135.2 (dashed line in the chart) is an important support level, tested multiple times without effective breakdown. Key resistance: above 91000 is a clear pressure level, with previous attempts to break higher encountering resistance and falling back. Indicator Signals Bollinger Bands (blue upper band, white middle band, lower band): The current price is below the Bollinger middle band, indicating a short-term bearish trend; the Bollinger bands are generally flat, showing the market is in a consolidation phase with no clear trend. Pink indicator line: After rebounding with the price previously, it now shows signs of turning downward, suggesting weakening bullish momentum. Blue dotted indicator: Previously trending upward, now showing stagnation or a turn, further confirming the short-term weakening of bullish strength. Market Rhythm and Sentiment From the sharp decline on January 22 (dropping to 87200) to the rebound, the market experienced a process of “panic decline → bottom-fishing rebound → consolidation digestion.” The current price fluctuates between support and resistance, indicating a temporary balance between bulls and bears, with the market at a critical point of direction choice. Short-term Trend Projection Upward Breakout: If the price can stabilize above 90000 and effectively break through the 91000 resistance, it may open up room for further gains and challenge previous highs. Downward Breakdown: If it falls below the key support at 88000, it could retest 87200 or even lower, triggering a new round of selling pressure. Consolidation: Without a clear breakout, the most likely scenario is continued oscillation within the 88000–91000 range, waiting for new news or capital-driven momentum. Ethereum Hourly Chart: Price and Support/Resistance Current price: 2953.08, positioned in the lower middle of the recent fluctuation range (2860–3080). Key support: previous low at 2863.70, with the red dashed line near 2950 serving as short-term support, and the white dashed line at 2992.83 as recent resistance. Key resistance: above 3080 is a recent high and an important resistance level; a successful breakout is needed for further upward movement. Indicator Signals Bollinger Bands (blue upper band, white middle band): The current price is below the Bollinger middle band, indicating a short-term bearish bias; the upper band is turning downward, and the middle band is also trending downward, showing overall weak momentum. Pink indicator line: After rebounding with the price previously, it now continues to turn downward, indicating that bullish momentum has significantly weakened, and bears are dominating the short-term trend. Blue dotted indicator: Previously rising with the price rebound, it now shows a turn downward, further confirming the decline in bullish strength. Market Rhythm and Sentiment The market experienced a process of “sharp decline to bottom (2863.70) → rebound and recovery → encountering resistance and falling back → consolidation.” The current price fluctuates around 2950, with bulls and bears temporarily stalemated, but the overall center of gravity is slowly shifting downward, and market sentiment is cautious. Short-term Trend Projection Downward Break: If the price falls below 2950 support, it may retest the previous low at 2863.70 or even lower. Upward Rebound: If it can stabilize above 2992.83 and break through the 3000 level, it may challenge the 3080 resistance. Consolidation: Without a clear breakout, the most likely scenario is continued oscillation within the 2950–3000 range, waiting for new drivers to break the balance. #BTC行情分析 #ETH Market Analysis