Tongjun Daily Review, January 21 | Macroeconomic Risk Aversion Dominates, Bitcoin Under Short-Term Pressure Fundamental Snapshot: On January 21, global market risk sentiment clearly intensified: heightened geopolitical uncertainty, a sharp stock market decline, bond market volatility, and increased safe-haven demand pushed gold prices to new all-time highs, while Bitcoin, as a risk asset, consequently came under pressure, falling to the approximately $88,000–$89,000 range. Bitcoin Key Levels Short-term Support: $88,000–$89,000 Mid-term Support: Approximately $85,000 (previous low area) Short-term Resistance: $92,000–$94,000 Psychological Key: $100,000 is a major resistance level Simple Trading Strategy If BTC fails to recover and hold above $92,000–$94,000, the current strategy is "one line: defense-oriented, reduce positions and stop loss if it breaks down." If the price breaks below $88,000 and closes below, it's considered a continuation of the downtrend. Consider reducing positions or exiting with a stop-loss to avoid a deep pullback. Only if the price rebounds and holds above $92,000–$94,000 with increased volume can a short-term stabilization trend be considered likely to resume. In this case, you can gradually add to long positions after confirmation. Otherwise, continue with a defensive strategy and do not chase highs in a weak market structure. I recovered some losses in the short term last night; my long positions were stopped out twice. I was too optimistic about yesterday's upward trend, but I couldn't resist Trump's rhetoric. #XAUUSD_GOLD #BTCUSD #TradingCommunity