Improving the stability of all‐inorganic halide perovskite nanocrystals has become an urgent task that cannot be ignored in practical applications. Lead halide perovskite CsPbX3 (X = Br, I, Cl) compounds are considered as the potential materials for next‐generation light‐emitting devices due to their superior optical properties. However, they are threatened by thermal degradation and atmospheric moisture. In order to better solve this practical problem, CsPbBr3 quantum dots (QDs) and CsPbBr3@Cs4PbBr6 nanocrystals (NCs) are tested under heating and cooling cycles, and the photoluminescence (PL) intensity loss of different perovskite materials at high temperatures is investigated. In addition, a thermoplastic polyurethane encapsulation strategy is proposed to improve their properties of thermal degradation and moisture resistance. This inexpensive and convenient method not only greatly reduces the PL intensity loss, but also shows excellent PL performance even in water. The encapsulated material has both flexible and elastic properties, which paves the way for the next commercial processing of all inorganic perovskite materials.