The overall crypto market is a bit sluggish today. As of January 20, the total market capitalization of digital assets worldwide has retreated to around $3.14 trillion, down approximately 2.5% in 24 hours. The main driver behind this decline is macroeconomic and geopolitical factors stirring market sentiment—risk aversion triggered by trade policies has spread to traditional finance, and the crypto market, as a risk asset, has naturally been affected. Interestingly, the privacy protection and computation sectors are defying the trend and strengthening, with Dusk and ARPA both experiencing quite significant gains today.

**On the Bitcoin side**, the price is hovering between $92,600 and $92,950, with a 24-hour decline of 2.6%-2.9%. The key point is that it failed to hold the $93,000 support level, which still has some influence on the short-term trend. From a technical perspective, $86,000 is a stronger support line; if it breaks below that, it may test around $82,000. On the upside, $107,000 is the main resistance. The current market is in a neutral consolidation zone. Although it has moved out of the previous downtrend channel, it lacks clear upward momentum, and it is expected to fluctuate between 90k and 95k in the short term. This consolidation phase usually tests patience—most people are either too anxious or overly optimistic, but the real opportunities often hide in these calm moments.