#CryptoMarketDip

Possible scenario on January 9

Negative scenario:

If Bitcoin breaks through the support level of $90,000, the market may witness a widespread sell-off. This would lead to a decline in the entire crypto market, with the market capitalization potentially dropping below $1 trillion.

Positive scenario:

Market trend analysis on January 9

1. Bitcoin (BTC):

BTC has the potential to retest the support zone of $90,000 - $92,000 if selling pressure continues. If it breaks through this area, the price could plummet to $85,000. However, if the market shows signs of recovery, BTC will need to surpass the resistance zone of $98,000 to confirm a return to an upward trend.

2. Ethereum (ETH):

ETH will face the risk of a deeper decline if it does not maintain the $1,750 level. The next resistance level to watch is $1,850.

3. Altcoin and DeFi:

Altcoins such as Solana, Polygon (MATIC), and Cardano continue to decline sharply, indicating that capital is leaving high-risk assets. DeFi is no exception, as TVL (Total Value Locked) has significantly decreased over the past 24 hours.

4. Stablecoin:

Stablecoins like USDT and USDC are being traded more, indicating that investors are seeking safe havens.

Possible scenario on January 9

Negative scenario:

If Bitcoin breaks through the support level of $90,000, the market may witness a widespread sell-off. This would lead to a decline in the entire crypto market, with the market capitalization potentially dropping below $1 trillion.

• Monitor support/resistance levels: For BTC, the levels of $90,000 and $100,000 are very important.