January 21 BTC/ETH:

Cryptocurrency Chain Reaction Crash, 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 Japanese interest rate hike leading to higher Japanese bond yields and capital outflows, unrelated to geopolitical factors. In a snowballing crash, 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 indicates prices at the lower band with decreasing MACD, and KDJ forming a golden cross in the oversold zone. Small timeframes show a rebound demand to repair indicators. Intraday resistance is at 9050. Only a four-hour breakout can stabilize the trend; otherwise, it remains a consolidation or a further decline.

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

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

Short-term trading is flexible; defense depends on your actual position!$BTC #欧美关税风波冲击市场