#数字资产市场动态 Weekly Review: Yesterday, (1.19), the market fear index hovered around 44, indicating a neutral zone; today, (1.20), sentiment sharply contracted to 32, and a panic atmosphere is beginning to spread.

From a technical perspective, Bitcoin's long-short ratio has risen above 67%, and Ethereum has also followed up to 68%. The enthusiasm for leveraged longs has clearly rebounded, but this is often a trap—the spot sell-off on the market is actually gradually increasing.

The trend has completely broken through the previous 96-98 oscillation range. Bitcoin's price briefly dipped below 92,000, with a sharp downward move. The rising long-short ratio only indicates that those caught in the trap are bottom-fishing. The real risk lies in the supply pressure on the spot side.

From a technical standpoint, the obvious support at 94,500 has been decisively broken. If you still want to bottom-fish, the key is whether the daily chart can stabilize around 92,500. From a trading perspective, after losing the 94,500 support, the subsequent trend will be dominated by a bearish outlook. Stop-losses should be set close to this key level, and there is generally no need to blindly buy on the spot side. $BTC $ETH