Dear crypto friends, let's take a look at today's market situation.

As of 2026-01-20 07:40, Bitcoin has retraced around $92,865, down 2.73% for the day. Ethereum is fluctuating around $3200, with short-term resistance clearly visible.

**What does the technical analysis say?**

For Bitcoin, the key support levels are in the range of $88,000 to $90,000, with resistance at $95,000. If BTC cannot hold the $88,000 bottom today, it may test the $85,000 level later.

Ethereum's support is at $3150 to $3180, with resistance near $3280 to $3300. If it breaks below $3150, watch out for the possibility of approaching $3100.

**What about funds and the macro environment?**

Institutional ETF funds are still net outflows, indicating that large investors are currently cautious. Coupled with the overnight decline in US and European stocks, while gold and silver are strengthening, market risk aversion has clearly increased, directly suppressing the appeal of risk assets.

**Trading suggestions**

In the short term, mainstream cryptocurrencies are likely to oscillate within this range. Without major positive news, a strong rebound is unlikely. The current strategy is to hold a light position and observe, while strictly setting stop-loss points to avoid being caught off guard by sudden volatility.

(Note: This is for market analysis reference only and does not constitute investment advice.)