Yesterday, the cryptocurrency market was tortured all day. Constantly trying to bottom out, yet it kept falling. Most people are spitting out a mouthful of old blood. Many are pessimistic and disappointed, running around telling each other that the bull market is over, the bear market has come, and the cryptocurrency world is finished. The more this happens, what you need to do is to go all in, because going all in to death, but in the cryptocurrency world, in a life-and-death situation, one can be reborn from death. If you dare to enter the market, then you have already caught the bottom of this wave of the bull market.

Recently, Trump is about to take office, and policy news is emerging frequently. Tariffs are being imposed, this is an unchangeable fact. Currently, he continues to expand American interests, reaching out towards Greenland and the Panama Canal. There is an intention to send troops to station there. Trump is someone who acts on his intentions, unexpectedly, so after taking office, many political games will emerge, and the stock market should see significant ups and downs, and the cryptocurrency market is no exception.

Currently, the yield on U.S. Treasuries has reached around 4.65, with a lot of funds pouring into U.S. Treasuries. Moreover, the debt ceiling, this is something that must be resolved after Trump takes office. Because of this, both the U.S. stock market and cryptocurrency market are currently undergoing a correction.

From the daily chart perspective, there was a violent drop yesterday, and the candlestick pattern shows that there was capital entering at 92,500. As long as today's low point is not broken, the daily level will stabilize. The previous demand at 88,000 may be difficult to achieve. Currently, support is around 92,500-90,500. The pressure above is around 96,500.

On the hourly level, it has been fluctuating repeatedly. After a significant drop in volume to around 96,000, it began to decrease in volume and fall. However, from the candlestick pattern, there will not be another large drop. Support below is at 93,000-92,500, with short-term resistance around 95,400. Shorting is not recommended. Going long at a lower price is possible.