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#MyFirstPost2026 | Bitcoin Reclaims 90,000, Ethereum Above 3,100: Tonight’s NFP is the Real Test!
The crypto market is seeing a relief rally as Bitcoin (BTC) fights back to the 90,000 level and Ethereum (ETH) climbs back above 3,100. This recovery follows recent comments from U.S. officials and Federal Reserve members calling for significant rate cuts to protect the labor market, temporarily easing the downward pressure.
However, the "main event" arrives tonight: the U.S. Non-Farm Payroll (NFP) report. This data will be the ultimate test for BTC’s 90,000 and ETH’s 3,000 support zones.
Market Recap & Macro Drivers
Previous Session: Following lower-than-expected jobless claims, BTC dipped to a low of 89,200 while ETH retraced to 3,050, nearly erasing early-week gains.
The Turning Point: Remarks from Treasury Secretary Yellen urging further rate cuts, combined with Fed official Mester’s call for a 150 bps cut by 2026 to boost employment, shifted sentiment.
Current Status: BTC surged past 91,000 in early morning trading, while ETH reclaimed the 3,100 handle.
Technical Outlook
Bitcoin (BTC)
Daily Chart: Price found support at the daily middle Bollinger Band. However, be cautious: the RSI has formed a "death cross," indicating a lingering bearish trend.
4-Hour Chart: Showing signs of a recovery. The RSI is moving out of oversold territory, and MACD bearish momentum is visibly shrinking.
Key Levels: * Resistance: 92,000 (4H middle band) and 93,000.
Support: 90,000 and 89,000.
Ethereum (ETH)
Daily Chart: The middle band at 3,050 remains the primary defensive line. While it held during the dip, both RSI and MACD are still dominated by bears.
Short-Term: The rebound peaked near 3,140 this morning with limited follow-through. We need to see if buying momentum can break the 4H resistance.
Key Levels:
Resistance: 3,160 (Hourly upper band) and 3,200 (4H middle band). A breakout could test 3,230–3,250.
Support: 3,050 and the psychological 3,000 level.
Today’s Strategy
Expect volatility during the daytime as the market positions itself for the NFP report. If the jobs data shows significant cooling, it could validate the calls for aggressive rate cuts and propel BTC/ETH higher. If the data is unexpectedly strong, prepare for a retest of the major support levels mentioned above.