What are you afraid of the market for? Are you unhappy and just opening short positions? Things are always a yin and yang; this is a major trend—where there is yin, there is yang. Don’t always think the market will be good, good, good, good, good—when it’s not, open a short. It’s truly a rainy day, a rainy weather day.

Below are some foolish opinions from certain people; the above is mine.
#欧美关税风波冲击市场 BTC broke below 93,000, ETH lost the 3,230 support, and the bullish and bearish struggle in the crypto market is escalating. Is it time to bottom out or wait and see?
January 19, 2026, the crypto market experienced a shocking moment! Bitcoin (BTC) sharply plunged below the $93,000 mark, Ethereum (ETH) fell over 3% simultaneously, and the total liquidation volume across the network soared, spreading panic. Is this correction a brief pause in the upward trend or the start of a new round of decline?
Technical indicators flashing red: two major coins showing signs of correction
From a technical perspective, BTC and ETH are both entering correction cycles in the short term, with multiple key indicators issuing warning signals that require high alert.
1. Bitcoin (BTC): Daily chart turning weak, beware of death cross risk
On the daily chart, BTC has clearly broken below the EMA20 moving average ($92,673.25), and the Supertrend indicator has officially turned bearish. This indicates that the short-term bullish momentum has been exhausted, and the correction cycle has officially begun. The RSI is currently at 59.83, still in a neutral zone but showing a downward trend, with upward momentum clearly lacking; more critically, the MACD shows signs of forming a death cross. Once confirmed, it will likely accelerate the price decline. From a multi-timeframe resonance perspective, the hourly chart shows a clear downward trend, with prices moving along the short-term moving averages. Each rebound appears weak, and the fight around $92,000 has become intense. If it breaks below, the next target will be directly at $91,000. The weekly chart also shows a divergence risk, with previous long-wick top formations indicating enormous pressure at the $100,000 level. It’s unlikely to break through quickly in the short term, and high-level oscillation is probable.
2. Ethereum (ETH): Lengthening green bars, support level at risk
ETH’s technical pattern is weaker than BTC. The daily chart also shows a break below the EMA20 at $3,256.8, and the Supertrend indicator has turned bearish. The RSI is at 52.3, showing a neutral to weak pattern with insufficient upward momentum. The MACD green bars are lengthening, and the death cross signs are becoming more obvious. Support near zero line is crucial; once broken, the correction could further deepen. Regarding Bollinger Bands, ETH’s price has fallen below the midline, with the opening narrowing, indicating increased market volatility. The lower band around $3,180 is a short-term key support. If broken, it could trigger a move down to $3,150. The hourly chart also shows weak rebounds, with repeated tests of the $3,200 support. If it cannot hold, short-term sentiment may further deteriorate.
Bearish resonance: macro + regulatory double pressure, market sentiment cooling
This crypto market correction is not an isolated event but a resonance of macro factors and market sentiment. Three major bearish factors deserve close attention:
1. Changing macro environment: The change in the Federal Reserve chairperson candidate has significantly cooled expectations of rate cuts, directly leading to rising US Treasury yields and a strengthening dollar. Under this background, global risk assets are under pressure. Bitcoin and Ethereum, as high-risk assets, naturally cannot escape the downward linkage. Additionally, the ongoing US-European tariff war has intensified global stock market volatility, further dampening crypto market sentiment.
2. Deteriorating capital sentiment: The total liquidation volume across the network continues to increase over 24 hours, with short positions rising. Market panic has intensified. Historically, concentrated liquidations of high-leverage positions often trigger chain reactions. Once key support levels are broken, a cascade of sell-offs may occur. Current signs show capital fleeing the market, and short-term sentiment is unlikely to recover quickly.
3. Regulatory uncertainty: The progress of the US “Clear Law” bill is highly watched, but its passage within the year remains uncertain. Disagreements in regulation directly affect the pace of institutional capital inflows. Without additional capital support, the market will find it difficult to sustain previous upward momentum, and a short-term pattern of oscillation and correction is likely.
Bottoming or waiting?
The two most stable approaches to the current correction are: blindly bottom-fishing or panic selling are both inadvisable. Combining short-term volatility with medium- and long-term trends, here are two operational strategies for investors with different risk preferences:
1. Short-term trading (intraday/4-hour): light positions, strict risk control
For short-term traders, it’s recommended to adopt “light trading” and avoid high leverage:
- BTC short opportunities: rebound to $94,000–$95,000. If RSI does not break above 60 and MACD confirms a death cross, consider small short positions with stop-loss above $95,500 (near daily high), targeting $92,000–$91,000.
- BTC long opportunities: if the price stabilizes at $91,900 and RSI rises above 50, try small long positions with stop-loss below $91,000, targeting $93,500–$94,000.
- ETH short opportunities: rebound to $3,270–$3,300. If RSI does not break above 55 and MACD shows a death cross, consider small shorts with stop-loss above $3,340, targeting $3,200–$3,180.
- ETH long opportunities: if the price stabilizes at $3,190 and RSI rises above 50, try small longs with stop-loss at $3,150, targeting $3,260–$3,280.
2. Mid-term positioning (daily/weekly): patience and wait for stabilization
For medium-term investors, the key strategy is “wait for stabilization” to avoid premature entry:
- BTC: focus on the support at the 90,000 USD level. If it stabilizes, consider phased building with stop-loss below $88,000 and targets at $98,000–$100,000. If it breaks below $90,000, it’s better to wait for clearer stabilization signals.
- ETH: monitor the critical support zone at $3,150–$3,180. If it stabilizes, consider phased entries with stop-loss at $3,100 and targets at $3,350–$3,400. If it breaks below $3,150, consider exiting to avoid further correction risk.
Risk control red line: whether short-term or medium-term, keep positions within 30% and avoid high leverage. Keep a close eye on US stock trends, the dollar index, and ETF fund flows. If macro sentiment worsens, adjust strategies immediately.
Market outlook: oscillation or correction? The key depends on these two signals
In the short term, BTC is likely to oscillate within the $91,000–$95,000 range, while ETH trades between $3,190 and $3,300.
The market direction mainly depends on two key signals:
First, whether macro sentiment improves. If expectations of Fed rate cuts reignite and US stocks stabilize, capital may flow back into crypto, with BTC potentially challenging $98,000–$100,000, and ETH possibly testing $3,350–$3,400. Second, whether key support levels hold. If BTC falls below $90,000 or ETH below $3,150, a deep correction may occur, with BTC targets at $88,000–$85,000 and ETH at $3,100–$3,050.
Finally, a reminder: the current market is highly volatile with intense bullish and bearish battles. All operations should prioritize risk management. It’s recommended to adjust strategies based on technical indicators and news dynamics, and avoid blindly chasing highs or selling lows.