Bitcoin is currently hovering around $91,125. This recent market movement is quite interesting. From a technical perspective, the short-term trend is definitely sideways, and we are looking for a clear support level.

**How to view recent support and resistance?**

The $90,600-$91,000 range is a key support zone. If it holds, there is potential to move upward gradually. Resistance above is at $91,800-$92,000. If these two levels are effectively broken, the target could be $92,500-$93,000. The psychological significance of the $90,000 mark shouldn't be underestimated; historically, such round numbers often attract bottom-fishing.

**Where is the recent selling pressure coming from?**

After the rapid rise in early January, some traders are likely taking profits. Meanwhile, the inflow of funds into ETFs is also slowing down, which adds short-term pressure. However, buying on dips has been consistent, so there's no need to be overly pessimistic.

**What should we watch for next week?**

The US non-farm payroll data on January 9th is a key event that could trigger short-term volatility. Over the weekend and early next week, policy expectations will likely influence the market, presenting a potential stabilization opportunity. Essentially, it's about waiting for the market to clear its thoughts.