2026-01-20 04:35:07

Yesterday's sudden tariff expectation directly hit the market hard, with BTC dropping instantly from the 95,500 level to around 91,800 before stabilizing. This morning, it attempted to go lower again, encountering support near 92,100 twice, both times holding without breaking. This indicates that the bulls' defense below this level remains quite firm.

The 92,000 level is highly significant—it is not only the area with the densest previous trading activity but also the key dividing line between bulls and bears. If the price can hold steady at this level, the gap fill and trend funds above may follow, which is a positive technical signal.

The strategy for BTC is actually straightforward. Build long positions in stages around the 92,000 and 91,500 zones, with a short-term target of 93,500. If a volume breakout occurs here, be alert to possible resistance at 94,500.

The logic for ETH is similar. Enter long positions in stages between 3,170 and 3,140. Based on the structure, the next resistance levels to watch are 3,240 and 3,280. As long as the pullback does not break the existing structural support, the trend remains bullish.

BTC-2,88%

ETH-6,16%

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GateUser-75ee51e7

· 1h ago

If the 92,000 barrier isn't broken, there's still hope. The bulls seem to be holding firm, looking quite resilient.

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HalfPositionRunner

· 11h ago

You really have to hold the 92,000 level, or it will be awkward below It didn't break twice, so the bulls still have hope Brothers who are entering in batches, are you now gambling? This wave of tariff news is really disgusting Waiting for the 93,500 level, whether it can increase volume is the key I'm still a bit hesitant about ETH; entering at 3140 would keep me from sleeping well If it can't break the structural support, keep going long Actually, 92,000 is just a psychological level How could the 94,500 barrier be so smoothly crossed?

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GreenCandleCollector

· 11h ago

92000 is really a tough barrier, having been hit twice without breaking. The bulls still have some strength. But it depends on whether we can really stabilize; otherwise, we will have to keep taking hits. --- The tariffs have caused such chaos in the market that the previous high of 95500 now seems far away. But on the other hand, if 92000 can hold, the real show will just begin. --- The target of 93500 seems a bit out of reach; we need to see how long 92000 can stay stable before making any judgments. --- Regarding ETH, entering long at 3170 still feels a bit risky; it seems we might need to see a further dip. --- According to this analysis logic, 92000 has truly become a life-and-death line. If the bulls can't hold this, then there won't be much of a story to tell.

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OvertimeSquid

· 11h ago

The 92,000 level still needs to be held, or else there will be another heavy loss. Tariff expectation and such black swan events are really annoying; they can crash suddenly. The bulls' defense this wave is indeed somewhat effective; having not broken twice in a row gives confidence. If 93,500 can't be broken, don't be too optimistic; this game is quite deep. ETH seems to be following BTC, not sure when it will have an independent trend. Once 92,000 is lost, I'll just go flat; let's see how it goes. It feels like the bulls are struggling to support, looking a bit tired. It would be good if this rebound can reach 94,500; don't overthink it.

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RektDetective

· 11h ago

If the 92,000 level really can't hold, then we need to seriously consider whether we've hit the bottom or not. Don't be fooled by the rebound.

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MEVVictimAlliance

· 11h ago

The 92,000 level is a tough barrier; the bulls are holding firm, and even after two attempts to break it, it hasn't been breached, indicating there are still buyers below ready to catch the dip. The tariff expectation came so suddenly this time that I almost thought we were going back to the 8,000 range.

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LuckyBlindCat

· 12h ago

92000 must be held firmly, or else it will really break through A slight rebound makes it hard to see clearly; the key is still the trading volume Whether it breaks 94500 is the real issue; it's too early to say anything now

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