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Analysis for the evening of January 29, 2026
Bitcoin shows short-term sideways movement with a slight weakness, with significant bullish and bearish divergence
News: The Fed's rate cut expectations have cooled down, funds are flowing from Bitcoin to gold and silver for safe-haven, crypto ETF outflows are ongoing, and with regulatory bill discussions approaching, market panic is intensifying; however, institutions are quietly increasing their holdings, and selling pressure below has decreased.
Technical: Current price around $88,000, support at $85,000, resistance at $90,000, daily chart weakening, indicators approaching oversold, likely to fluctuate within a range.
Trading suggestion: Do not blindly buy the dip or chase the short; consider buying near the rebound at around $88,800–$90,400, with targets near $87,200–$86,300.
The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng's layout for specific strategies!$BTC