Here is the core market analysis and causes of BTC on January 22, 2026 (yesterday), with data sourced from public market statistics:

Core Price and Volatility

- Opened at $89,455, high of $90,360, low of $87,209, close at $89,560, with slight intra-day fluctuations, a deep dip at one point, and ultimately nearly flat, with the $90,000 level repeatedly contested.
- During the day, it briefly fell below $88k, reaching a recent low, then quickly rebounded amid macro easing news (cancellation of EU tariff threats), showing a V-shaped recovery but failing to break through the $91k resistance zone.
- Trading volume increased, with fierce battles between bulls and bears, and leveraged positions being liquidated, intensifying intra-day volatility.

Core Driving Factors

1. Macro Environment: Fading expectations of Federal Reserve rate cuts + strengthening dollar + geopolitical trade concerns triggered risk asset sell-offs; in the afternoon, Trump canceled EU tariff plans, easing sentiment and pushing BTC higher.
2. Technical Perspective: Daily chart remains in a weak zone, with prices below short-term moving averages; $87,800–$88,300 (lower Bollinger Band/ recent lows) serve as key support, $90,500–$91,000 as short-term resistance, and $91,500–$92,000 as a trend dividing line.
3. Market Sentiment: The fear and greed index is neutral to cautious, with gains of the year partially retraced, investors are cautious, waiting for clear breakout signals.

Short-term Trading Recommendations (for reference only, not investment advice)

- Core Range: $87,800–$90,500, mainly buy low and sell high, based on support/resistance levels.
- Risk Control: Strictly manage positions and leverage, set stop-loss at (below $87,200) and take-profit at (above $91,000).
- Focus: Federal Reserve policy signals, geopolitical trade developments, ETF capital flows, and large on-chain transfers.