2026-01-21 10:23:05

The decline in this wave of the market indeed exceeded expectations. Bitcoin (BTC) directly broke below the 90,000 level, and Ethereum (ETH) also failed to hold the 3,000 support line. Previous long positions were stopped out around 3,100, and BTC's fourth round of reverse long positions were also closed at the 90 level. There was a warning to observe yesterday, but when it broke below 3,100, it felt off—this already surpassed the initial support level.

The original expectation for this week was a pullback followed by mainly sideways movement. However, with such a large decline in the past two days, the key now is whether the market can stabilize and stop falling in the next few days, and whether it can be supported again through corrective oscillation. Only then can we look forward to an upward trend next week. From the weekly closing perspective, this week will be very important.

**BTC Intraday Highlights**

Today, it dipped to a low of 87,800 before bouncing back, but it has not yet formed a clear bullish signal. Unless it sharply reverses and pulls back to the 93,000 level, it is likely to continue oscillating or test the bottom in the short term. Focus on the support within the 88000-88600 range, with resistance concentrated around 91,600-92,200. If it can break through this resistance and stabilize, a reversal upward could occur in the next few days; if not, the market will attempt to test the 88,000-90,000 range again.

**ETH Intraday Highlights**

Today’s low touched 2,900 before bouncing back, which is also a previous low and starting point. The next step depends on the weekly closing performance to determine whether it will continue to recover or face further resistance.

BTC0,98%

ETH2,24%

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StrawberryIce

· 9h ago

Damn, I got liquidated again. This time I really didn't react in time. --- Bitcoin's recent drop was quite fierce. I tried 88 twice, now let's see if it can hold. --- Didn't I say yesterday to wait and see? Why did it break the level again? There's a problem with the operation. --- Once 3100 breaks, you know it's time to run. But I was still a step late. --- Is the rebound of ETH at 2900 going to pull back to 93? That's a nice thought, but let's stabilize at 88 first. --- ETH's rebound at 2900 is just this one move. How it will go afterward is still a question mark. --- If the weekly chart is so critical, we need to see the Friday close; otherwise, there will be losses on Monday. --- The bullish signal hasn't formed yet. Those currently bottom-fishing are all brave warriors. --- A correction or consolidation? I think it probably needs to test again. Don't be too optimistic. --- If the 916-922 line can't be broken, then we still have to look further down.

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GasFeeSobber

· 9h ago

Damn, got smashed through again, I really didn't see this coming this time --- Did it break 90? Where are my long positions, my longs --- I really should have listened to advice and just watched yesterday, now I'm so regretful --- 87800's rebound is this weak, feels like we need to test the bottom again --- The weekly closing really determines the rhythm going forward, this week looks a bit risky --- Rebound from the V-shaped correction to 93? I think it's uncertain, short-term still better to continue oscillating --- Rebounded from 2900 but feels like there's no momentum, the daily chart depends on how it closes --- If it can't break 916, then we really need to test 88 to 90 again, so annoying --- Now just waiting to see if the repair can hold the market, otherwise next week will start a new story --- This wave of unexpected decline truly broke the defense, who would have thought it would be so fierce

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FreeRider

· 9h ago

They're at it again, scamming the newbies, damn it.

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MondayYoloFridayCry

· 9h ago

Damn, got trapped again. Can't it just go up once? --- I said yesterday, this support won't hold. --- What is 88 doing? Dropping like this, really impressive. --- If it continues like this, do we need to test the bottom again? --- Reversal? Bro, I don't believe it. Let's wait and see. --- What's the use of a 2900 rebound? Still need to look at the weekly chart. --- Daily fluctuations, is it going up or down? --- Where are the bullish signals? I don't see any. --- Can the 916 line be broken? Feels uncertain. --- If the weekly close is like this, next week probably won't be any better.

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StablecoinAnxiety

· 9h ago

Another round of liquidation, all the positions in hand have been sold off --- This time I really didn't hold, I need to wait for the weekly close to set the tone --- Rebound from 93 after the v-shape correction still trying to test the bottom, the next few days are critical --- Thinking of turning around with a rebound at 87,800, you're overthinking, brother --- Must stabilize at 2900, otherwise it will continue to decline --- Yesterday's advice to stay on the sidelines should have been heeded, now it's too late to regret --- The correction needs to recover quickly, or the weekly chart will be really tricky --- Breaking 916-922 feels impossible, still trying to test 88-90 --- The recent surge in Bitcoin exceeded expectations, who predicted this --- Looking forward to a rebound next week, surviving today is already a win

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ShortingEnthusiast

· 9h ago

Damn, this drop is too fierce, can't save it by breaking through directly Once again stopped out, it seems I have to wait for the weekly chart to stabilize before taking action Is this the rebound at 87800? Feels like I need to test the bottom again Whether 2900 can hold depends on today's performance This week is really critical, if it can't break resistance, just keep testing Reversal and pullback to 93? Honestly, it's a bit uncertain... Restoring the oscillation to support the market, it's easy to say but hard to do The 88 to 90 range needs to be tested multiple times People who were advised to wait yesterday are now regretting it deeply Waiting for the 9-digit level, the short-term oscillation pattern hasn't changed

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