BTC： Bitcoin closed a "spindle line" yesterday, with a relatively small volume, indicating a lack of clear direction in the market and an overall sideways oscillation. This pattern reflects the balance of power between long and short positions, making it difficult to break through the existing range in the short term. From a technical perspective, the range of $93000 to $95000 is currently a strong support area. The weekly level has closed with a "cross line", further confirming the oscillation pattern of "neither up nor down". Combined with on chain data, the turnover rate is low, players are cautious, and the market has entered a downturn period. On a macro level, the core PCE data for January in the United States will be released on Friday, with an expected year-on-year growth rate dropping from 0.8% to 0.6%. If the data meets expectations, the direct boost to Bitcoin will be limited; If there is an unexpected improvement, it may bring temporary optimism to the market, but the consensus on not cutting interest rates in March has been established, and the impact may not be long-lasting. Overall, Bitcoin will continue to fluctuate within the range of $93000-99000 in the short term. Regardless of how it goes, there is a high probability that the market will hit bottom again, with the possibility of Bitcoin starting at $8 or $7. If you choose to directly reverse, you need to wait for strong catalysts, such as the Federal Reserve's policy shift or substantial progress on Trump's Bitcoin strategic reserve plan. At present, the possibility of short-term reversal is unlikely. Strategy: Currently, BTC is experiencing slight fluctuations within the range of 93000-99000, with strong support at the daily level at 93000 and strong pressure at 99000. Looking at the large range, 91000-105000 is still the main oscillation range. In the short term, the market will maintain a high range of volatility, and some positions can be allocated to reference 91000-105000 for high selling and low buying or grid trading.