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Tracking real-time hot topics in the crypto world and seizing the best trading opportunities. Today is Saturday, January 31, 2026. I am Wang Yibo! Good morning, fellow crypto enthusiasts☀Iron fans check-in👍Like and make a fortune🍗🍗🌹🌹
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The three major US stock indices closed lower, with the Dow down 0.36%, up 1.73% in January; the Nasdaq down 0.94%, up 0.95% in January; the S&P 500 down 0.43%, up 1.37% in January. On Friday, the US dollar surged significantly, marking the largest single-day gain since July, while gold and silver prices plummeted, dragging down exchange rates of currencies from the Australian dollar to the Swiss franc. The US Dollar Index DXY ended the turbulent month with an increase of about 0.9%. During this period, the index experienced significant volatility due to Trump’s policies. The dollar rebounded on Friday, benefiting from falling precious metal prices and the impact of Trump’s choice of Waller as Federal Reserve Chair, but the index still declined about 1.4% in January, marking the worst performance since August. Follow Yibo as we continue to track key signals such as the implementation of Fed policies, institutional fund flows, and on-chain data changes, providing real-time updates on layout strategies and target dynamics.
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Bitcoin shows a “first decline, then rebound, then consolidation” oscillating trend, with overall volatility aligning with recent market corrections. Early trading saw the price quickly drop to around $81,000, creating a short-term low. After that, the market entered a narrow range consolidation phase, mainly trading between $82,000 and $83,200, with both bulls and bears temporarily at a standstill. Trading volume failed to significantly increase, reflecting strong market caution. During the early hours, volatility intensified, with a sharp rebound after a low of $81,800, reaching a high of $84,590, then retreating to around $84,000 for consolidation. The rebound range is noticeably smaller than the previous decline, indicating that this deep correction rebound is a normal market adjustment rather than a trend reversal signal—currently, the market is in a correction cycle. This correction is mainly driven by short-term profit-taking by bears and subsequent capital reflow, without changing the core downward trend. As we enter the weekend trading session, cryptocurrency markets typically show reduced volatility and narrower price ranges. The focus should be on observing weekend consolidation; if prices can stabilize around $84,000, a slight rebound may occur. However, considering the overall correction trend, after the correction ends, prices are likely to continue declining, with the $81,000 support level being critical. If broken, further declines toward the $80,000 level and lower are possible.
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Ethereum has shown a clear divergence in rhythm since yesterday, with overall weakness and ongoing correction pressure. Yesterday morning, Ethereum opened at $2,827, then quickly declined, reaching a low of $2,677. Throughout the day, it oscillated within a small range around $2,770, with bulls struggling to mount a strong rebound and unable to break through the resistance, highlighting heavy selling pressure. In the early hours, Ethereum bears gained momentum again, with the price dropping to around $2,634, creating a short-term low, then quickly rebounding but with limited upward strength, reaching about $2,760 before falling back. Currently, it is trading around $2,700 with sideways movement. From the technical perspective, Ethereum’s recent decline has broken below key support levels, with the technical outlook under heavy pressure. On the daily chart, it even faces the risk of breaking a nine-month upward trendline. If it cannot recover quickly, a deeper correction is likely. The core trading principle remains trend-following; avoid bottom-fishing blindly before clear signs of stabilization appear to prevent being caught in a false rebound. Rational position management and risk avoidance are the top priorities now.