In the past few days, BTC and the entire cryptocurrency market have been declining. Are you feeling a bit anxious? It's normal for the market to rise and fall; the key is to analyze calmly. Don’t panic just because of a drop; stay rational! Yesterday, there was big news that the U.S. government plans to sell BTC from Silk Road, causing immediate panic in the market, with short-term fear rising. Additionally, the market had risen too sharply before, and now it is in a correction phase. Some funds have also withdrawn to avoid risk before the new administration takes over.

So what to do next? Will BTC continue to drop? What should you do if you're stuck in a contract? Let's review it; everyone can take it as a bit of fun to look at, and it doesn’t constitute any investment advice.

The expectation for 81696238940 is to adjust between 91000 and 96500. Looking at that K-line, it seems like it's about to adjust perfectly. But looking at the funding rate, which is negative, most people have turned bearish, so it may drop a bit more. However, the K-line has already had two spikes, so there isn’t much space below; plus, this is a bull market, and even if it drops deeply, it should recover quickly. Below 93000 is an opportunity that should be captured as much as possible.

Let’s talk about 16093063226, which is expected to consolidate between 680 and 720. It’s really strong! Why? Because there is valuable support! In the short term, the platform coins have become a safe haven.

Also, for 51580005317, it is expected to fluctuate between 3100 and 3550. It moved similarly to BTC yesterday, but then it dropped again in the late night, and its volatility will likely narrow down a bit. Among mainstream coins, its 200-day moving average is relatively high.

Some important news:

1. Standard Chartered Bank has obtained a license in Luxembourg to provide digital asset custody services.

2. Executives from Kraken and a16z, along with several crypto-friendly individuals, are vying for the position of Chairman of the CFTC.

3. A certain whale deposited 300 WBTC into Binance before the news of 'U.S. government approval to sell BTC' broke.

Let’s discuss today’s daily BTC technical analysis. From the K-line perspective, the 1-hour level shows an upward trend, the 4-hour level shows signs of stopping the decline, the 12-hour level is down, and the daily level is down. The intraday resistance level is 95300, and the support level is 91000 USD.