#Gate广场创作者新春激励 Breaking Adjustment! BTC falls below 93,000, ETH loses support at 3,230, and the bullish and bearish forces in the crypto market are intensifying. Is it a bottom-fishing opportunity or a wait-and-see situation?

January 19, 2026, marks a tense moment for the crypto market! Bitcoin (BTC) sharply drops below the $93,000 level, Ethereum (ETH) declines over 3% simultaneously, 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 Show Correction Signals
From a technical perspective, both BTC and ETH are entering correction phases in the short term, with multiple key indicators issuing warning signals that warrant close attention.
1. Bitcoin (BTC): Daily chart turns weak, beware of death cross risk
On the daily chart, BTC has clearly broken below the EMA20 (92,673.25 USD), and the Supertrend indicator has turned bearish. This indicates that short-term bullish momentum has been exhausted, and the correction cycle has officially begun. RSI is currently at 59.83, still in a neutral zone but showing a downward trend with insufficient upward momentum; more critically, MACD shows signs of forming a death cross. Once confirmed, this 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 struggle around 92,000 USD has intensified. If this level is lost, the next target will be directly at 91,000 USD. The weekly chart also shows a divergence risk, with long upper wicks indicating strong resistance at the 100,000 USD mark. Short-term, it’s unlikely to break through easily, and high-level consolidation is probable.
2. Ethereum (ETH): Lengthening green bars, support level at risk
ETH’s technical pattern is weaker than BTC’s. The daily chart also shows a break below EMA20 (3,256.8 USD), and the Supertrend indicator has turned bearish. RSI is at 52.3, indicating a neutral to weak stance with insufficient upward momentum. MACD’s green bars are lengthening, and the death cross signals are becoming more apparent. Support near zero axis is crucial; once broken, the correction could deepen further. Bollinger Bands show ETH price has fallen below the midline, with the opening narrowing, indicating increased market volatility. The lower band around 3,180 USD is a key short-term support; if broken, it could trigger a move toward 3,150 USD. The hourly chart also shows weak rebounds, with repeated tests of the 3,200 USD support. Failure to hold this level could worsen short-term sentiment.

Bearish Resonance: Macro and Regulatory Pressures Cool Market Sentiment
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 of rate cuts, leading to rising US Treasury yields and a strengthening 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 market sentiment.
2. Deteriorating capital sentiment: Liquidation volume across the network has been increasing over 24 hours, with short positions rising. Market panic is intensifying. 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 Law” bill is closely watched, but its passage within the year remains uncertain. Regulatory disagreements directly impact institutional capital inflows. Without additional funds, the market will struggle to sustain previous upward momentum, likely remaining in a volatile correction phase in the short term.

Bottom-fishing or Wait-and-See?
The most prudent approach to the current correction is to avoid blindly bottom-fishing or panic 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 USD, if RSI remains below 60 and MACD confirms a death cross, consider small short positions with a stop-loss above 95,500 USD (near intraday highs), targeting 92,000-91,000 USD.
- BTC long opportunities: If the price stabilizes at 91,900 USD and RSI rises above 50, try small long positions with a stop-loss below 91,000 USD, targeting 93,500-94,000 USD.
- ETH short opportunities: When rebounding to 3,270-3,300 USD, if RSI stays below 55 and MACD shows a death cross, consider small shorts with a stop-loss above 3,340 USD, targeting 3,200-3,180 USD.
- ETH long opportunities: If the price stabilizes at 3,190 USD and RSI rises above 50, try small longs with a stop-loss at 3,150 USD, targeting 3,260-3,280 USD.
2. Medium-term positioning (daily/weekly): Patience and stabilization before action
For medium-term investors, the key strategy is “waiting for stabilization” before entering positions:
- BTC: Focus on the 90,000 USD support level. If it stabilizes, consider phased building with a stop-loss below 88,000 USD, targeting 98,000-100,000 USD. If it breaks below 90,000 USD, it’s advisable to stay on the sidelines and wait for clearer stabilization signals.
- ETH: Watch the 3,150-3,180 USD support zone. If it stabilizes, consider phased entries with a stop-loss at 3,100 USD, targeting 3,350-3,400 USD. If it breaks below 3,150 USD, consider exiting to avoid further correction risks. Risk control red line: regardless of short-term or medium-term, keep positions within 30% and avoid high leverage. Stay alert to US stock trends, dollar index, and ETF fund flows. If macro sentiment worsens, adjust strategies immediately.

Market Outlook: Volatility or Rebound? The Key Signals
In the short term, BTC is likely to oscillate between 91,000 and 95,000 USD, while ETH trades within 3,190-3,300 USD.
The market direction depends mainly on two key signals:
First, whether macro sentiment improves. If expectations of rate cuts re-emerge and US stocks stabilize, capital may flow back into crypto, with BTC potentially challenging 98,000-100,000 USD and ETH testing 3,350-3,400 USD.
Second, whether key support levels hold. If BTC drops below 90,000 USD or ETH below 3,150 USD, it could trigger a deep correction, with BTC targets at 88,000-85,000 USD and ETH at 3,100-3,050 USD.
Final reminder: The current market is highly volatile with intense bullish and bearish battles. All operations should prioritize risk management. Adjust strategies based on technical indicators and news developments, and avoid blindly chasing gains or panic selling#热门