As of 19:30 on January 19, European markets (combined with Trump's tariff threats + US stock market closure leading to low liquidity) caused BTC and ETH to decline simultaneously under pressure, with increased volatility, concentrated long liquidations, and greater elasticity in ETH with deeper declines.

1. Core Impact and Data (24h)

• BTC: Dropped as much as 3.6% to $91,800, currently around $92,700; approximately $684 million in total network contract liquidations in 24h, with longs accounting for over 87%.

• ETH: Dropped as much as 4.9% to $3,174, currently around $3,210; ETH's volatility is higher than BTC, leading the decline among mainstream coins.

• Liquidity: US stock market closure led to liquidity contraction, widening of futures spreads and slippage, amplifying price fluctuations.

• Capital and Sentiment: Funds shifted to safe-haven assets like gold and Swiss francs; the crypto market fear and greed index is neutral to bearish (around 45), intensifying the tug-of-war between bulls and bears.

2. Key Levels and Trend Judgment

• BTC: Support at $91,800-$92,000, strong support at $90,000; resistance at $93,500 (4h EMA resistance). Break above targets $94,000 for recovery; losing support may lead to a dip toward $91,000.

• ETH: Support at $3,170-$3,180, strong support at $3,100; resistance at $3,270-$3,300. Break above targets $3,350; losing support may see a decline toward $3,060.

• Trend: Short-term oscillation is slightly weak, with rebound demand present but the trend unchanged. Uncertainty in news continues to suppress risk appetite.

3. Trading Strategies and Risk Control

1. Contracts: Reduce leverage (≤3x), decrease positions to control risk; operate in batches around key support/resistance levels, avoid blindly bottom-fishing.

2. Spot: Build positions gradually; pause buying if breaking strong support; set stop-losses (BTC at $90,000, ETH at $3,100).

3. Hedging: Allocate a small amount to safe-haven assets like gold or government bonds, or use put options to protect existing positions. #欧美关税风波冲击市场 #欧美关税风波冲击市场