#美国核心物价涨幅不及市场预估 January 20 Morning Market Brief: Bitcoin Continues to Face Pressure

The crypto market has been collectively plunging since last night, with Bitcoin and Ethereum both weakening. As of 6 a.m. today, BTC is quoted near $93,200, having once dropped to $91,833, a 24-hour decline of 2.6%. It has been oscillating between $92,000 and $93,500; ETH performed even worse, currently at $3,200, down 3.4% for the day, after dipping to $3,175 and then swinging between $3,180 and $3,220. Over 88% of long positions were liquidated.

Market analysts point out that this sharp decline mainly stems from three major pressures: First, hawkish signals from the Federal Reserve have dashed market expectations of easing, causing funds to flee risk assets; second, escalating trade conflicts between Europe and the US have driven safe-haven capital into gold and other traditional assets; third, heavily leveraged long positions accumulated earlier triggered chain liquidations during the drop, further amplifying the sell-off. The overall market cap has fallen to $3.13 trillion, with altcoins generally down 4%-7%. Even with funds clustering in mainstream coins, the bearish trend remains unchanged.

From a technical perspective, Bitcoin breaking below the critical support zone of $92,000-$92,200 will face tests at $91,833 and $90,000. Resistance is at $94,000-$94,500, and only a firm hold above this range can confirm a halt in the decline. Ethereum’s support levels are at $3,175-$3,180; losing this support could see it drop to $3,060-$3,080. A breakout above $3,260-$3,280 is needed to ease downward pressure.

Short-term trading ideas: For BTC, consider going long around $91,100-$92,100, targeting $93,700-$94,700; for ETH, go long at $3,130-$3,170, with targets at $3,250-$3,290.