2026-01-20 04:32:04

The futures market at 5 a.m. has started another round of sharp declines. BTC and ETH both plummeted, the market dropped quickly but the buyers responded fairly promptly, and there was no sign of large-scale follow-on selling.

However, the bearish forces above are already on high alert. The key zone between 93,000 and 94,000 is densely packed with short positions. Looking at the liquidity chart, you can feel the pressure — dark clouds overhead, a bit suffocating.

The question is, how long can this support last? Whether the subsequent price breaks through or continues to surge depends on whether the bears can truly step up in the next few hours, or if the bulls can hold their ground in this critical zone.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
7
Repost
Share

Comment

0/400

TokenSherpa

· 01-20 04:54

actually, let me break this down for you—if you examine the liquidity dynamics at 93k-94k, historically speaking we've seen similar governance of price action during major consolidations. the acceptance of buyers here matters, empirically evidence suggests resistance holds when quorum of retail participation stays engaged.

Reply0

GateUser-7b078580

· 01-20 04:54

The data shows that the buying support can still hold up this round, although the chip density around 93,000-94,000 is... let's wait and see. We've never held the historical lows before, so why would we be able to hold now? If we look at it hourly, the bears will likely make their move within the next 4 hours. We'll see then. I've noticed a pattern: every time dark clouds gather overhead, the market starts to cut. Miners are consuming too much, and this time is no different. An unreasonable mechanism, coming out in the early hours. Patience will eventually lead to a collapse.

View OriginalReply0

SandwichTrader

· 01-20 04:48

Staying up late again to watch the market overnight, these dip buyers are quite resilient.

View OriginalReply0

AirdropNinja

· 01-20 04:47

The crash at 5 a.m. is here again; the rhythm is truly impeccable.

View OriginalReply0

ApeDegen