January 17th 8:30, BTC is currently quoted at 95,500 USD, with an intraday range of 94,200-95,900. The short-term bullish structure remains intact, stabilizing after retracing to the golden ratio 0.618 (94,200), with a predominantly oscillating upward trend.

Core Indicators and Key Levels

- Daily K: EMA support concentrated at 94,200, Bollinger Bands upper band at 97,000, middle band at 91,500; MACD bullish expansion, RSI at 61 not overbought, bullish continuation.
- 4H: Ascending wedge pattern, EMA30 support at 94,500, neckline at 94,200; Bollinger Bands lower band at 93,700, upper band at 97,500; MACD shrinking, short-term oscillation building momentum.
- Key Levels: Strong support at 94,200, first resistance at 97,000, second resistance at 98,000, psychological threshold at 100,000.

Trading Strategies (Actionable)

1. Bullish Strategy: Buy in batches within the 94,200-94,500 range, stop loss at 93,700; target one at 97,000 (reduce position), target two at 98,000-100,000.
2. Bearish Strategy: Light short positions at resistance between 97,000-97,500, stop loss at 98,000; target 95,500-94,500, quick in and out.
3. Risk Management: Single position size ≤5%, strict stop loss; if breaking through 97,000 and retracing confirms, add to long positions; if falling below 93,700, switch to oscillation with a bias toward bearish.

Market Highlights

- Main force retraced to the effective support at 94,200, institutional ETF capital inflows, whale net accumulation, supporting medium-term bullishness.
- Short-term focus on the validity of breaking 97,000; if volume increases and it stabilizes above, target 100,000; otherwise, expect range-bound consolidation.