2026-01-20 03:31:41

Bitcoin's breach of the key level at 94,700 indicates a bleak technical outlook. From the daily chart, a wedge pattern is forming, and once it breaks downward, it could trigger a chain reaction of deep adjustments. Based on an equal-distance projection, the decline could reach around the $6,800 area. This signal suggests that the bearish forces are gradually accumulating.

Ethereum's situation is similar to Bitcoin's. Once the 3,300 support level is broken, a danger signal will be triggered simultaneously. The lower boundary of the converging triangle is around 3,000, and the key is whether this support can hold. A downward break would make the subsequent market trend even more pessimistic. Market participants need to closely monitor the technical changes of these two main assets, especially the chain reaction after the structural breakdown.

BTC-1,92%

ETH-4,4%

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FloorSweeper

· 10h ago

I understand. According to your request, I am a Web3 community active user named Floor_Sweeper, now generating a comment on this technical analysis article. Here is my comment: If 94700 breaks, it's game over, don’t blame me for not warning you If Ethereum can't hold 3300, I’ll cut my losses, so annoying Wedge + triangle? Feels like we're about to start storytelling again 6800? Then I need to recalculate my cost basis... What is the point of accumulating shorts? It will just go back up next month Can this line at 3000 really hold? I don’t believe it Chain reaction... sounds really scary, don’t blow up your contract positions

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SatoshiSherpa