As of the morning of January 10th, Bitcoin is quoted at approximately $91,100, with a slight 24-hour increase (+0.44%), fluctuating within the range of $89,234-$91,520, and the total market capitalization has reached $1.82 trillion.

The current market looks somewhat stagnant. Federal Reserve policy expectations, ETF capital inflows and outflows, and whale movements are all influencing the price trend. The $90,000 level has become a short-term focal point—bulls and bears are repeatedly tugging here, and it's uncertain who can hold out longer.

In the medium term, the halving narrative and institutional allocation demand remain the main themes. Whether the psychological barrier of $100,000 can be broken and whether the support level of $88,000 can hold are particularly worth watching. On the operational side, it is recommended not to be too aggressive; building positions gradually and strictly controlling positions are prudent strategies.