As of 17:00 on January 18, BTC continues to hover around 95,100 USD with high volatility. The 1-hour chart is locked in a narrow range between 94,900-95,300 USD, repeatedly tugging back and forth. Trading volume is mediocre, with no clear signs of significant increase. The bullish and bearish forces are temporarily balanced. The weekend trading atmosphere feels somewhat dull, market participation is insufficient, and investors are generally cautious, making it unlikely to see a strong unilateral trend in the short term.

**The Bull-Bear Boundary Is Here**

Support below is firmly at 94,900 USD, a level formed by the 1-hour MA20 and the recent lower boundary of the range. It has been tested multiple times but has not been effectively broken. The support during pullbacks remains relatively solid.

Resistance above is at 95,300 USD, which is a combination of the intraday minor high and a short-term dense trading zone. Currently, the upward momentum seems a bit lacking.

The key signals for opening a new phase are just two: either trading volume pushes through 94,900 USD, or a surge volume stabilizes above 95,300 USD. Otherwise, expect continued churning within this range.

**Technical and Capital Market Outlook**

From the 1-hour K-line perspective, the trend is quite dull—moving averages are flat, candles are densely packed, and RSI is stuck at the neutral 50 level, showing no clear trend direction. This is a typical characteristic of a ranging market.

The capital side also shows no bright spots. The 24-hour trading volume is average, with no large funds actively entering or exiting. The buying and selling pressures are roughly balanced. The Fear and Greed Index remains at a neutral 50, indicating that everyone has calmed down and rationalized after previous volatility. Weekend liquidity is inherently weak, further constraining price movement space.