#数字资产市场动态 BTC this week played out a classic rally and pullback scenario — starting the week heading straight for $97,000, but then hit by profit-taking and the Federal Reserve's "pause on rate cuts" signal, resulting in a sharp decline, finally closing at $95,147, still up 4.3% for the week.

Basically, it's a tug-of-war between institutional and macro expectations. On the ETF side, continuous inflows are happening, with $840 million entering in a single day on January 15th. Products from BlackRock and Fidelity are selling hot, and institutions are bottom-fishing around the $94,000-$94,500 range, forming a clear support zone. However, Federal Reserve officials are hinting that rate cuts might be delayed, which deflates risk asset sentiment, leading to sell-offs around $97,000, making it hard for bulls to push higher.

From a technical perspective, the $95,000 level is now a battleground between bulls and bears. The trading strategy is: buy low around $94,500-$95,000, sell high around $96,500-$97,000, with a stop-loss set at a break below $94,000.

The next focus is on the Federal Reserve's next move and where ETF funds will flow. If trading volume picks up and the price breaks above $97,000, the $100,000 mark could be within reach; conversely, if support is broken, be prepared for a move toward $91,000-$92,000.