Sunday, January 18th, the Bitcoin market is just one word—boring. No significant fluctuations, but the trading points are densely packed. Let's be straightforward and clear—no beating around the bush.

**Current Price Performance**

Bitcoin is currently fluctuating between $94,700 and $95,300, touching $95,200 at noon before being suppressed. The 24-hour decline is only about 0.4%, with a market cap stable around $1.89 trillion and a daily trading volume of over $16 billion. This is clearly a weekend phenomenon—liquidity is thin, big institutions are off work, only retail traders are messing around, and no one dares to make a real move.

**Two Key Levels to Watch Closely**

The bulls' safety line is at $94,760. This is the previous high point after a breakout, serving as a retest confirmation level, which was barely held during the day. As long as the hourly or 30-minute close does not break this level, the short-term structure remains intact, and a rebound is still possible; once it effectively falls below, the previous breakout is a false move, and the bulls will be quickly reversed, likely leading to a wave of pullback.

Above is the resistance at $98,000, which is the iron gate of multi-cycle resonance. It has been tested several times before but never broken through. Each time it approaches, there's a sharp drop from high levels, with volume unable to keep up. To break through upward, volume must be released to establish stability; otherwise, it's just futile.

**Why the Stalemate? Three Fundamental Reasons**

First, liquidity issues. Weekends naturally see less activity, institutions are on holiday, only retail traders are messing around, so volatility remains narrow. The sideways movement looks stable, but in reality, both bulls and bears are observing, neither daring to act first. The more boring it gets, the more likely it is to suddenly explode.

Second, the bullish momentum is indeed waning. Each rebound high is lower than the previous one, and buying pressure is weakening. The daily MA100, the 0.382 retracement on the 4-hour chart, and the upper boundary of the 6-hour channel are all resistance levels. These positions are bottlenecks, and attempts to push higher are being suppressed.

Third, large capital is waiting for signals. Recent US inflation data and the Federal Reserve's monetary policy direction influence the upcoming trend. Institutional investors are mostly waiting for these signals to clarify before acting. So, the current consolidation is preparing for the next move.

**Current Trading Strategy**

Waiting for signals at this level is better than reckless action. As long as bulls hold above $94,760, there is still a chance for a rebound; if it falls below, accept the loss and exit—don't fight the market. For long positions, wait until volume exceeds at $98,000 before considering adding more. For shorts, don't be too greedy—once $94,760 stabilizes and rebounds, cut losses promptly and don't let your positions die slowly.