BTC traded around $95,150 on January 18, remaining flat over 24 hours, with the hourly chart showing a typical high-level range-bound oscillation. The current market focus is on the repeated tug-of-war between two key price levels.

**Dual Pressure from Above and Below**
Looking upward, the $97,000-$98,000 range forms a clear resistance zone. Multiple cycle indicators are working together, and each rebound to this area tends to encounter selling pressure and pull back. To be honest, the strength of the rebounds is weakening each time, feeling a bit lackluster. Looking downward, the $94,760 level is very critical—it's the recent dividing line between bulls and bears. If this level holds, the oscillation may continue; if it breaks decisively, a larger correction should be considered.

**Technical Situation**
The hourly RSI is in the middle range, showing no clear direction; MACD indicates diminishing momentum; Bollinger Bands have contracted, suggesting volatility is converging. The candlestick patterns lack strong continuity, with both bulls and bears depleting their energy, making the market feel somewhat dull.

**Weekend Liquidity Effect**
Weekend trading volume is relatively low, with BTC market cap share stable between 59%-60%. Market enthusiasm remains, but there is a short-term lack of a clear breakout direction. The key still depends on how these two levels perform.