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 good day for rain and rainy days.

Below are some foolish opinions from certain people; the above is mine.

#欧美关税风波冲击市场 BTC breaks below 93,000, ETH loses the 3,230 support, and the bullish and bearish struggle in the crypto market intensifies. Is it a bottom-fishing opportunity or just waiting on the sidelines?
January 19, 2026, the crypto market faces a shocking moment! Bitcoin (BTC) sharply drops below the $93,000 mark, Ethereum (ETH) declines over 3% simultaneously, and the total liquidation volume on the network surges, 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 show signs of correction
From a technical perspective, BTC and ETH are both entering correction phases in the short term, with multiple key indicators issuing warning signals that require high alert.
1. Bitcoin (BTC): Daily chart turns 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 insufficient upward momentum; 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 below short-term moving averages. Each rebound appears weak, and the fight around $92,000 has become intense. If this level is lost, the next target will be directly at $91,000. The weekly chart also shows a potential divergence risk; the previous long wick top pattern indicates enormous pressure at the $100,000 level. It’s unlikely to break through quickly in the short term, and high-level oscillation is expected to continue.
2. Ethereum (ETH): Lengthening green bars, support levels at risk
ETH’s technical pattern is weaker than BTC’s. 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 on the MACD 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 key short-term 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 this level cannot hold, market sentiment may further deteriorate.
Bearish resonance: macro and regulatory pressures cooling the market
This crypto market correction is not an isolated event but a resonance of macroeconomic and market sentiment factors. Three major bearish factors deserve attention:
1. Changing macro environment: The change in the Federal Reserve chairperson candidate has significantly cooled expectations of rate cuts, leading to higher US Treasury yields and a stronger dollar. Under this background, global risk assets are under pressure. Bitcoin and Ethereum, as high-risk assets, naturally decline together. Additionally, ongoing trade tensions between the US and Europe, along with increased volatility in global stock markets, further dampen market sentiment.
2. Deteriorating capital sentiment: The total liquidation volume across the entire network in 24 hours continues to rise, with short positions increasing. Market panic is intensifying. Historically, concentrated liquidations of high-leverage positions often trigger chain reactions, and once key support levels are broken, a cascade of sell-offs may occur. Current signs of capital fleeing the market are obvious, and short-term sentiment is unlikely to recover quickly.
3. Regulatory uncertainty: The progress of the US “Clear Law” bill is closely watched, but its passage within the year remains uncertain. Disagreements within regulatory authorities 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.
Bottom-fishing or waiting?
The most stable approach to the current correction is to avoid blindly bottom-fishing or panicking to cut losses. Based on short-term volatility and medium- to long-term trends, two operational strategies are provided 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 a “light position” approach, avoiding 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 opening a small short position with a stop-loss above $95,500 (near the intraday 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 a 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 forms a death cross, consider small shorts with a 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 a stop-loss at $3,150, targeting $3,260–$3,280.
2. Medium-term positioning (daily/weekly): patience and wait for stabilization
For medium-term investors, the key strategy is “waiting for stabilization” to avoid early entry:
- BTC: focus on the $90,000 support level. If it stabilizes here, consider building positions gradually with a 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 gradual positions with a 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 at all costs. 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 between $91,000 and $95,000, while ETH trades within $3,190–$3,300.
The market direction mainly depends on two critical signals:
First, whether macro sentiment improves. If expectations of Fed rate cuts reignite and US stocks stabilize, capital may flow back into crypto markets. BTC could challenge $98,000–$100,000, and ETH may test $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, avoiding blindly chasing gains or panic selling.