Market Daily Jan 21: Wall Street Slumps Amid Trade Tensions – BTC Recovery Path?

Release Time: 10:00, January 21, 2026
Issuer: Mr. Loki

MARKET OVERVIEW

1. Stock Market:

  • Vietnam Market: Despite cautious signals last weekend, the market attempted a recovery with a "Hammer" candle pattern. Declining liquidity suggests that selling pressure is cooling down. The recovery confirmed the support role of the MA(10) line. In the short term, the market may continue to fluctuate but maintains the potential to test the 1,900–1,920 zone, which is the upper boundary of the medium-to-long-term uptrend channel.

  • US Market (Jan 20): Wall Street experienced its deepest drop in months as trade concerns and escalating political tensions weighed on investor sentiment. The S&P 500 fell ~2.1% to ~6,796.9, the Dow Jones lost ~1.8% to ~48,488.6, and the Nasdaq plummeted ~2.4% to ~22,954.3. The sell-off was widespread due to fears over new tariffs, reflecting high risk-aversion in the short term.

2. Foreign Exchange (Forex):

  • AUD/USD: Main trend is bearish. Daily Support: 0.64200 | Daily Resistance: 0.64700. Consider a counter-trend long position if the price breaks above the daily resistance.

  • EUR/USD: Main trend is bearish. Daily Support: 1.14950 | Daily Resistance: 1.15500. Consider a counter-trend long position if the price breaks above 1.15250.

3. Gold: Gold maintains a downtrend as the USD remains strong. If the price fails to reclaim the 4040–4060 zone, selling pressure could push gold to retest the 4050–4100 marks. The trend remains weak; any rallies are purely technical.

4. Oil:

  • WTI (XTI/USD): Currently in a strong support zone. Consider a long position if the price breaks above 58.200.

5. Bitcoin: BTC is recovering after a sharp drop from 93,000 to 80,000 last Friday, currently trading at 88,000. If BTC climbs above 93,000, the correction phase may end. Otherwise, the 80,000 level may not be the final bottom as expected by many investors, and further declines remain possible.

RECOMMENDATIONS:

  • BTC: Buy at 89,000 | Stop Loss: 88,600 | Take Profit: 91,000


  • AUD/USD: Sell Stop at 0.67200 | Stop Loss: 0.67400 | Take Profit: 0.66800


KEY EVENTS TODAY:

  • 01:00 AM (USD): President Trump Speaks

  • Day 3 (All): WEF Annual Meetings in Davos

  • 08:30 PM (USD): President Trump Speaks

  • 10:00 PM (USD): Pending Home Sales m/m (Forecast: -0.3%, Previous: 3.3%)

DISCLAIMER:

  • The above assessments represent the personal views of analyst Loki (Lotus) and are not a basis for actual trading.

  • Lotus provides only technical analysis and trading education.

  • Lotus does not represent any securities or asset management companies and does not manage student funds.