#数字资产市场动态 January 17 Bitcoin Latest Market Notes:

Currently, $BTC is repeatedly battling within the 94,200-97,500 range. The 4-hour candlestick chart clearly shows an upward wedge pattern forming. The key support is right at the 94,200 level; if it breaks below this, the risk increases significantly. Although the MACD shows a bullish crossover, the trading volume is shrinking, indicating that the upward momentum is not strong enough. Be cautious of potential pullback pressure around 95,700.

Looking upward, if the price can stabilize above 95,700 and break through the 97,000 resistance, there is a chance to reach the 100,000 mark. From a trading perspective, it is recommended to position within the lower range of 94,200-94,600, with targets between 95,700-96,500, and set stop-loss orders below 93,700 to protect yourself.

This level mainly depends on whether the bulls can continue their momentum, but trading volume indeed needs to catch up.