Market Trend Analysis: Bitcoin Still Faces Downward Risk After Rebound

ExpectationFarmer · 2026-01-30T22:15:18+00:00

The current market faces volatility, with Bitcoin priced at $84.19K and Ethereum at $2.70K. The short-term trend may rebound before facing pressure again, with key support levels at 85,000-86,000. Ethereum and altcoins are clearly inclined to rebound, but they depend on positive catalysts, and market enthusiasm needs to be restored.

ExpectationFarmer

2026-01-30 22:15:18

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The current market situation is worth paying attention to. Bitcoin’s latest price is $84.19K, with a 24-hour decline of -0.21%, while Ethereum is at $2.70K, down -3.93%. From a technical perspective, the most likely short-term trend is an initial rebound to absorb selling pressure, followed by continued testing of key support levels. This oscillating pattern reflects the market’s process of seeking equilibrium.

Short-term Bitcoin Trend: Rebound followed by renewed pressure

The rebound target won’t be too high. Market resistance is concentrated above $90,000, with a short-term rebound expected to occur at 1-2 points, and if momentum is strong, it may reach around $92,000. This range is a critical resistance zone and has historically been a suppression area for large funds. Investors should be cautious; this rebound may only be a temporary correction and should not be overly optimistic.

Key Support Levels: $85,000-$86,000 are the real entry opportunities

The genuine buying opportunity appears after support levels are broken. If Bitcoin falls below $87,000 and quickly drops to the $85,000-$86,000 range, that would be a more comfortable entry window. Such rapid decline usually corresponds to a concentrated, irrational selling pressure release, making the risk/reward ratio more favorable. In contrast, the current state of “rebound and hesitation” offers less advantage for positioning.

Ethereum and Altcoins: Rebound remains the main theme

Ethereum and major altcoins tend to rebound overall, although Bitcoin shows signs of decline at a larger scale, making new highs unlikely. This depends on whether significant positive news will emerge later. For altcoins, the market is at a delicate crossroads—if altcoins continue to stagnate or decline, retail investors will gradually exit, and newcomers will be unable to enter. Some exchanges may face pressure. The rise of altcoins is key to attracting retail funds; without upward momentum, it’s difficult to initiate a new cycle. Whether a miracle can happen in 2026 largely depends on whether altcoins can reignite market enthusiasm again.

BTC-4,03%

ETH-6,12%

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