Coin Profit 1.21 Cryptocurrency Evening Briefing: Geopolitical Black Swan Pressures Bitcoin Rebound Faces New Low Risks at 90,000
Evening Key Points: Geopolitical conflicts have triggered a global sell-off of risk assets, with cryptocurrencies being hit hard. After a weak rebound during the day, Bitcoin and Ethereum are under pressure again. The short-term trend is bearish, and the success or failure of defending key support levels will determine the subsequent decline space.
1. Market Overview
On January 21, Bitcoin and Ethereum showed a **'drop-rebound-drop'** weak correction trend.
- Bitcoin: After a morning drop to a low of 87924, it rebounded to 90119 but failed to hold above the psychological level of 90000 and has currently retreated to around 89100. - Ethereum: After synchronously dropping to 2924, it rebounded to touch the 3000 level under pressure and has now retreated to around 2960.
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