2026-01-08 15:22:28

Bitcoin and Ethereum are at a critical juncture, locked in a stalemate. With non-farm payroll data about to be released, the direction of the two core cryptocurrencies has become unpredictable, and market participants are holding their breath.

The numbers look a bit grim. Bitcoin barely held the 90,000 support level, while Ethereum repeatedly tugged around the 3,100 mark. Morning trading was quiet, with the market showing no vitality, until a sudden plunge in the afternoon broke the silence. However, the rebound at the close was weak, and the bears still hold the upper hand.

The underlying contradiction lies in the increasingly divided hawk-dove stance within the Federal Reserve. The earlier "small non-farm" report did not show strong data, but the services PMI performed well, creating a hedging effect that made institutional investors hesitant to act. On the other hand, the introduction of new crypto regulations in Hong Kong has raised the entry barriers for institutions, causing some of the previous supporting funds to quietly withdraw, gradually increasing selling pressure in the market.

Time is becoming tight. The initial jobless claims data will be released tonight at 21:30, while Friday’s non-farm payroll report remains the real heavyweight. These figures are likely to reshape market expectations of the Federal Reserve’s policy, and significant market volatility may be just around the corner.

BTC3,22%

ETH6,56%

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SquidTeacher

· 01-11 07:50

It's the same old data game, I'm really tired of it. Why be so tense about 90,000? Eventually, it will be tested anyway. Diving, bouncing, bouncing, diving—institutions are just positioning themselves. Non-farm payrolls are basically waiting for the Federal Reserve's stance; right now, everything depends on data and reactions, it's too passive. The new regulations in Hong Kong are really disgusting. With costs going up, who would still enter the market? No wonder some are quietly running away. We'll see the results tonight at 21:30. As for this wave of market movement, I think it's just a high and low pole—whoever can catch it makes money. Instead of holding your breath, better hold your wallet.

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ConfusedWhale

· 01-10 12:18

Whether the 90,000 can hold or not really depends on tonight's data. It feels like the bears have been holding back for a long time. It's the Federal Reserve again and new regulations in Hong Kong. Why does it always have to be so tumultuous? That period when ETH kept oscillating around 3100 really annoyed me. Luckily, I didn't go all in.

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NFTArchaeologist

· 01-08 15:51

The 90,000 mark is really a bit of a stretch, but to be honest, even the Fed itself doesn't understand the hawk-dove fight, and us retail investors are even more played out.

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quiet_lurker

· 01-08 15:51

90,000 is really a tough barrier to hold, it's exhausting to watch It's another game of data, institutions are still waiting for the trend With the new regulations in Hong Kong, funds are fleeing rapidly, who can withstand this Can the non-farm payrolls turn the tide this time? It feels uncertain The 3100 tug-of-war has been going on for so long, someone has to give in The bears are getting too arrogant, waiting to be爆 Honestly, no one dares to move, everyone is betting on the non-farm payrolls

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WhaleWatcher

· 01-08 15:39

It's another stalemate, and the critical 90,000 level is almost unbreakable. Feels like it's going to cool off. The bottom support funds are quietly fleeing, and the new Hong Kong regulations hit pretty hard. At 21:30, I bet 5 ETH that the data will cause a dump. Why does this non-farm payroll seem more intense than ever? The bears are so arrogant, it's really boring. Just wait to be hammered.

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RegenRestorer

· 01-08 15:35

Another day of holding our breath, whether the 90,000 break happens or not really depends entirely on tonight's data. The night before non-farm payrolls is the most frustrating, more nerve-wracking than waiting for your girlfriend's reply. As soon as the new regulations in Hong Kong were announced, institutions started to run, and the liquidity situation has become extremely cold. This rebound is also too weak. At 21:30 on Friday, these two data points could directly change the trend. I bet even the broke ones are waiting for a breakout. That plunge this morning scared me to death, I thought there would be another bloodbath, but is this all? Are the bears this arrogant?

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