As of 2026-01-29 09:00, BTC is quoted at $89,520, up 0.9% for the day. The 24-hour high is $90,316, and the low is $88,033. Market capitalization is $1.78 trillion, with a trading volume of $47.64 billion.

Core Trends

• Intraday volatility is slightly bullish. The Federal Reserve maintains interest rates at 3.5%-3.75%. Hawkish statements suppress risk assets. BTC and ETH show strong correlation (correlation coefficient above 0.8).

• Technical analysis: Short-term support at $88,000, resistance at $90,500; a break below support may test $87,000, while a breakthrough of resistance could target $91,500.

• Risk points: BTC options worth $10.8 billion expire this Friday, which may increase volatility. Be alert to abnormal movements caused by capital battles.

Trading Recommendations

• Short-term: Light positions trying long at $88,200-$88,500, with a stop loss at $87,800; trying short at $90,000-$90,500, with a stop loss at $90,800.

• Keep position size within 30%, enforce strict stop losses, and monitor US stock market and overall market sentiment.