#欧美关税风波冲击市场 BTC drops below 93,000, ETH loses support at 3,230, and the bullish and bearish forces in the crypto market intensify. Is it a bottom-fishing opportunity or a wait-and-see moment?
January 19, 2026, marks a tense moment for the crypto market! Bitcoin (BTC) sharply plunges below the $93,000 level, Ethereum (ETH) declines over 3% in tandem, and the total liquidation volume across 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 Warning Lights: Two Major Coins Signal Adjustment
From a technical perspective, both BTC and ETH are entering short-term correction cycles, with multiple key indicators issuing warning signals that warrant close attention.
1. Bitcoin (BTC): Daily chart turns weak, caution for death cross risk
On the daily timeframe, BTC has clearly broken below the EMA20 moving average ($92,673.25), and the Supertrend indicator has turned bearish. This indicates that short-term bullish momentum has been exhausted, and the correction cycle has officially begun. The RSI is currently at 59.83, still in the 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 perspective, the hourly chart shows a clear downward trend, with prices moving below short-term moving averages. Each rebound appears weak, and the battle around $92,000 has become intense. If this level is lost, the next target will be directly at $91,000. Additionally, the weekly chart shows a potential bearish divergence, with long upper wicks indicating strong resistance at the $100,000 level. Short-term, it’s unlikely to break through easily, and high-level consolidation is probable.
2. Ethereum (ETH): Lengthening green bars, support at risk
ETH’s technical pattern is weaker than BTC’s. The daily chart also shows a break below the EMA20 ($3,256.8), and the Supertrend indicator has turned bearish. RSI is at 52.3, indicating a neutral-weak bias with insufficient upward momentum. The MACD green bars are lengthening, and the death cross signals are becoming more evident. Support near zero on the MACD histogram is crucial; once broken, the correction could deepen further. The Bollinger Bands show ETH price falling below the midline, with the opening narrowing, suggesting increased market volatility. The lower band around $3,180 is a key short-term support; if broken, it could trigger a move toward $3,150. The hourly chart also shows weak rebounds, with repeated tests of the $3,200 support. Failure to hold this level could worsen short-term sentiment.
Bearish Resonance: Macro and Regulatory Double Pressure
This correction in the crypto market is not isolated but results from macroeconomic and market sentiment factors resonating. Three major bearish factors deserve attention:
1. Changing macro environment: The appointment of a new Federal Reserve Chair has dampened expectations for rate cuts, leading to higher US Treasury yields and a stronger dollar. Under this backdrop, risk assets globally are under pressure. As representatives of high-risk assets, Bitcoin and Ethereum naturally decline in tandem. Additionally, ongoing US-European tariff tensions and increased stock market volatility further dampen crypto market sentiment.
2. Deteriorating capital sentiment: Liquidation volume across the network continues to rise over 24 hours, with short positions increasing. Market panic is evident. Historically, concentrated liquidations of high-leverage positions often trigger chain reactions, and breaking key support levels could lead to a cascade of sell-offs. Current signs of capital fleeing the market suggest short-term sentiment may not recover quickly.
3. Regulatory uncertainty: The progress of the US “Clear Bill” remains uncertain within the year. Regulatory disagreements directly impact institutional capital inflows. Without additional capital support, the market will struggle to sustain previous upward momentum, likely maintaining a pattern of oscillation and correction in the short term.
Bottom-fishing or waiting?
The most prudent approach to the current correction is to avoid blindly bottom-fishing or panicking into selling. Combining short-term volatility with medium- and long-term trends, here are two strategies for 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 trading” approach, avoiding high leverage:
- BTC short opportunities: When rebounding to $94,000–$95,000, if RSI remains below 60 and MACD confirms a death cross, consider small short positions with stop-loss above $95,500 (near intraday highs), 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: When rebounding to $3,270–$3,300, if RSI stays below 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. Medium-term positioning (daily/weekly): Patience and stabilization before action
For medium-term investors, the key strategy is “waiting for stabilization” before entering:
- BTC: Focus on the $90,000 support level. If it holds, consider phased building with stop-loss below $88,000 and targets at $98,000–$100,000. If broken, prefer to wait for clearer stabilization signals.
- ETH: Watch the critical support zone at $3,150–$3,180. If it holds, consider phased entries with stop-loss at $3,100 and targets at $3,350–$3,400. If broken, consider exiting to avoid further correction risk. Risk control red line: regardless of short or medium term, keep positions within 30% and avoid high leverage. Stay closely tuned to US stock trends, the dollar index, and ETF fund flows. If macro sentiment worsens, adjust strategies immediately.
Market Outlook: Consolidation or correction? The key signals
In the short term, BTC is likely to oscillate within the $91,000–$95,000 range, while ETH trades between $3,190–$3,300.
The market direction depends mainly on two key signals:
First, whether macro sentiment improves—if expectations for rate cuts re-emerge and US stocks stabilize, capital may flow back into crypto, with BTC potentially challenging $98,000–$100,000 and ETH testing $3,350–$3,400. Second, whether key support levels hold—if BTC falls below $90,000 or ETH below $3,150, it could trigger a deep correction, 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. Risk management must come first. Use technical indicators and news dynamics to adjust strategies accordingly, and avoid blindly chasing gains or panic selling.
January 19, 2026, marks a tense moment for the crypto market! Bitcoin (BTC) sharply plunges below the $93,000 level, Ethereum (ETH) declines over 3% in tandem, and the total liquidation volume across 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 Warning Lights: Two Major Coins Signal Adjustment
From a technical perspective, both BTC and ETH are entering short-term correction cycles, with multiple key indicators issuing warning signals that warrant close attention.
1. Bitcoin (BTC): Daily chart turns weak, caution for death cross risk
On the daily timeframe, BTC has clearly broken below the EMA20 moving average ($92,673.25), and the Supertrend indicator has turned bearish. This indicates that short-term bullish momentum has been exhausted, and the correction cycle has officially begun. The RSI is currently at 59.83, still in the 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 perspective, the hourly chart shows a clear downward trend, with prices moving below short-term moving averages. Each rebound appears weak, and the battle around $92,000 has become intense. If this level is lost, the next target will be directly at $91,000. Additionally, the weekly chart shows a potential bearish divergence, with long upper wicks indicating strong resistance at the $100,000 level. Short-term, it’s unlikely to break through easily, and high-level consolidation is probable.
2. Ethereum (ETH): Lengthening green bars, support at risk
ETH’s technical pattern is weaker than BTC’s. The daily chart also shows a break below the EMA20 ($3,256.8), and the Supertrend indicator has turned bearish. RSI is at 52.3, indicating a neutral-weak bias with insufficient upward momentum. The MACD green bars are lengthening, and the death cross signals are becoming more evident. Support near zero on the MACD histogram is crucial; once broken, the correction could deepen further. The Bollinger Bands show ETH price falling below the midline, with the opening narrowing, suggesting increased market volatility. The lower band around $3,180 is a key short-term support; if broken, it could trigger a move toward $3,150. The hourly chart also shows weak rebounds, with repeated tests of the $3,200 support. Failure to hold this level could worsen short-term sentiment.
Bearish Resonance: Macro and Regulatory Double Pressure
This correction in the crypto market is not isolated but results from macroeconomic and market sentiment factors resonating. Three major bearish factors deserve attention:
1. Changing macro environment: The appointment of a new Federal Reserve Chair has dampened expectations for rate cuts, leading to higher US Treasury yields and a stronger dollar. Under this backdrop, risk assets globally are under pressure. As representatives of high-risk assets, Bitcoin and Ethereum naturally decline in tandem. Additionally, ongoing US-European tariff tensions and increased stock market volatility further dampen crypto market sentiment.
2. Deteriorating capital sentiment: Liquidation volume across the network continues to rise over 24 hours, with short positions increasing. Market panic is evident. Historically, concentrated liquidations of high-leverage positions often trigger chain reactions, and breaking key support levels could lead to a cascade of sell-offs. Current signs of capital fleeing the market suggest short-term sentiment may not recover quickly.
3. Regulatory uncertainty: The progress of the US “Clear Bill” remains uncertain within the year. Regulatory disagreements directly impact institutional capital inflows. Without additional capital support, the market will struggle to sustain previous upward momentum, likely maintaining a pattern of oscillation and correction in the short term.
Bottom-fishing or waiting?
The most prudent approach to the current correction is to avoid blindly bottom-fishing or panicking into selling. Combining short-term volatility with medium- and long-term trends, here are two strategies for 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 trading” approach, avoiding high leverage:
- BTC short opportunities: When rebounding to $94,000–$95,000, if RSI remains below 60 and MACD confirms a death cross, consider small short positions with stop-loss above $95,500 (near intraday highs), 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: When rebounding to $3,270–$3,300, if RSI stays below 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. Medium-term positioning (daily/weekly): Patience and stabilization before action
For medium-term investors, the key strategy is “waiting for stabilization” before entering:
- BTC: Focus on the $90,000 support level. If it holds, consider phased building with stop-loss below $88,000 and targets at $98,000–$100,000. If broken, prefer to wait for clearer stabilization signals.
- ETH: Watch the critical support zone at $3,150–$3,180. If it holds, consider phased entries with stop-loss at $3,100 and targets at $3,350–$3,400. If broken, consider exiting to avoid further correction risk. Risk control red line: regardless of short or medium term, keep positions within 30% and avoid high leverage. Stay closely tuned to US stock trends, the dollar index, and ETF fund flows. If macro sentiment worsens, adjust strategies immediately.
Market Outlook: Consolidation or correction? The key signals
In the short term, BTC is likely to oscillate within the $91,000–$95,000 range, while ETH trades between $3,190–$3,300.
The market direction depends mainly on two key signals:
First, whether macro sentiment improves—if expectations for rate cuts re-emerge and US stocks stabilize, capital may flow back into crypto, with BTC potentially challenging $98,000–$100,000 and ETH testing $3,350–$3,400. Second, whether key support levels hold—if BTC falls below $90,000 or ETH below $3,150, it could trigger a deep correction, 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. Risk management must come first. Use technical indicators and news dynamics to adjust strategies accordingly, and avoid blindly chasing gains or panic selling.
