January 21 BTC/ETH:

Cryptocurrency Chain Sell-Off, US Treasury Blames Japanese Debt?

Since the US stock market opened lower last night, cryptocurrencies have once again declined across the board. As of now, $960 million has been liquidated, mainly due to reasons everyone understands. At this time, the US Treasury clarified: the main reason is the rate hike in Japan leading to higher Japanese bond yields and capital outflows, unrelated to geopolitical factors. When an avalanche occurs, no snowflake is innocent. Discussing the reasons afterward is meaningless!

BTC
The current trend shows six consecutive daily declines, with a sharp breakdown on high volume. The four-hour chart shows prices at the lower band with MACD shrinking, and KDJ forming a golden cross in the oversold area. Small timeframes indicate a rebound correction, with resistance at 9050. Only a four-hour breakout would signal stabilization; otherwise, the overall situation remains a consolidation or a further decline.

Range around 9050-9100, support at 9180, target 8920-8770, with a break below to 8670-8520.

ETH
Range around 3010-3034, support at 3076, target 2942-2910, with a break below to 2878.

Short-term trading should be flexible and based on your own position. $BTC #欧美关税风波冲击市场