2026-01-22 16:00:57

Bitcoin market activity has indeed been lively recently. Bulls and bears each hold their own opinions, but the underlying logic is still driven by macroeconomic conditions and large capital movements.

Let's start with the part that makes people feel conflicted—the big players like BlackRock transferring a substantial amount of BTC to a compliant exchange. Some immediately call for selling. But on the flip side, tech stocks and crypto-related stocks in the US stock market are also buzzing, indicating real money is flowing into digital assets. Trump's positive attitude towards cryptocurrencies continues to warm up. These signals together are actually creating a favorable external environment for BTC.

Regarding the negative correlation between BTC and gold, some people don't understand it. But think about it—large institutions are still buying continuously, and with Bitcoin's supply fixed, it’s becoming increasingly scarce. In the long run, there is confidence. Short-term fluctuations may be intense, but as long as macro logic doesn’t reverse, BTC still has potential.

**Technical analysis breakdown:**

The current price is at 89,378.0 USDT.

The support below is very critical—at 89,317.9, which is not far away. Consider placing a long position here. If it falls below this line, set a stop-loss.

The support range is between 89,317.9 and 89,701.9.

The resistance above is at 91,415.1, meaning there’s about 2% room to go up. To break through, it needs to surpass 91,415.1. Resistance is concentrated between 90,088.0 and 90,599.5.

**Trading perspective:** When near support levels, you can place buy orders; if broken, cut losses. The recent market has been volatile, so discipline is essential.

BTC0,28%

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SchrodingerWallet

· 01-23 10:52

BlackRock shipping out? So all the institutions are just fools, still buying aggressively. In the long term, BTC is really fine, it's just these short-term fluctuations are a bit frustrating. This 89317 level definitely needs to hold; if it breaks, we have to run. Before the macro environment reverses, there's still some room for imagination. How to say it, let's see if Trump's current momentum can continue to heat up. Institutions are buying so aggressively, supply is scarce, what does that mean... it's still worth holding.

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MEVEye

· 01-22 16:26

BlackRock transferring coins to exchanges and then saying it's for selling? That logic is too straightforward. With the market so volatile, what are you still worried about? Long-term confidence, short-term is just macro gambling. If it drops to the support level, I'll jump in directly. Around 89317 is definitely worth paying attention to. If it breaks, admit defeat and cut losses. Don't want to be trapped for too long. Trump's recent support has a different energy; institutions are also buying, so there's still confidence. A 2% upside potential isn't much, but don't be greedy. If it can't break 91415, just forget it. Anyway, using spare funds for trading.

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RektDetective

· 01-22 16:18

BlackRock's coin transfer, huh? Those who are bearish are easily scared; actually, it's all just building positions. 89317 really needs to be well protected; if it breaks, there's no discussion—just run. Short-term chaos, but the long-term logic remains; supply is still here. Is it going to 91415 again? Can it just go up in one go? It's so exhausting every day. Trump's attitude is so friendly, and institutions are still buying, which means the money hasn't fully flowed in yet. Support breaks, stop-loss; don't fight yourself. This wave of market is too crazy. Gold is still rising, and BTC is actually becoming more valuable. This logic actually makes sense. Around 89000, place an order and wait for it to drop; if not, just keep lying low. Institutions are building, retail investors are selling; this is the best window for absorption. A 2% breakout above 91415, sounds boring. We need a big market move to really get excited.

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BlockchainDecoder

· 01-22 16:14

From a technical perspective, the support level at 89317.9 is indeed worth paying attention to, but I think it's also necessary to observe changes in macro policies. Data shows that institutions are continuously deploying, which makes sense logically, but the issue lies in the high uncertainty of short-term fluctuations.

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GateUser-44a00d6c

· 01-22 16:07

Is BlackRock just panicking about coin transfers? This trick has been played out long ago; institutions just move things around like this. The truly confident ones are still the long-term logic—Trump's support, continuous institutional buying, that's the real focus, right? 89317.9, if this line can't hold, just cut losses directly. I'm not very optimistic about this wave. The short-term is chaotic, wait for a clear signal before taking action. Bitcoin's supply is right there, what are you panicking about? Honestly, I still can't understand the negative correlation with gold. Can someone explain? Breakthrough at 91415.1, then just go for it, it's not that complicated. A macro logic reversal and then it just comes out; this wave of BTC might be over. Supporting levels for going long sound good, but I've been in a bad mood these days, I need to watch a bit more. Institutions are buying, institutions are selling—aren't they just harvesting the leeks?

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staking_gramps

· 01-22 16:05

BlackRock's coin transfer is either distribution or building positions, brother, don't be scared. --- The 90,000 range is oscillating, the real bottom support is at 89317, I have already placed an order. --- Short-term will definitely involve some shakeouts, but as long as the macro logic doesn't collapse, don't panic. --- Trump's attitude indeed gives BTC a lot of imagination space. --- The scarcity is evident, institutions are still buying, what do people who are selling think? --- If 91415 can't be broken through, it will remain in consolidation, stop messing around. --- Institutions are active in tech stocks, indicating real money is flowing, which is the true signal. --- For those who can't understand the negative correlation with gold, they probably haven't figured out the institutional allocation logic. --- Right now, it's a rhythm of buying low and selling high, just hold above 89317 and don't let it fall below. --- Large fluctuations are a good thing, only then do we have the chance to build positions, everyone.

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CryptoComedian

· 01-22 16:05

BlackRock transferring coins to exchanges, some people are scared to death, I just laugh—this is called liquidity management, not dumping, okay? 89317 this line can't hold, stop-loss must be decisive, don't let the account cry with you. A two percentage point increase in space, sounds easy, but in reality, it's really a tug-of-war. If the macro hasn't reversed, no matter how violent the short-term movement is, it's all in vain; as long as the direction is correct, just lie back and win. Institutions are still buying, and the supply is still there; frankly, the people who are still picking up bargains haven't woken up yet. I like the strategy of supporting levels to go long; break below and immediately get out—this is the awareness a leek should have. The tech stocks are volatile, plus Trump is bullish, this setup indeed gave BTC a comfortable cradle. Fluctuating around 89K, it looks gentle, but it's actually more ruthless than cutting leeks.

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