2026-01-09 02:30:15

Bitcoin's two-day rally came to an end on Wednesday, and yesterday it even briefly fell below the $90,000 mark before barely stabilizing around $91,000. We emphasized the importance of this level repeatedly a few days ago, but since Wednesday, the support at $91,000 has been tested frequently, which is indeed concerning.

Currently, BTC has fallen back below the short-term downtrend line. If the decline continues, there is a risk of further breakdown. In contrast, Ethereum has performed much more steadily, remaining above $3,100, with a trend clearly stronger than BTC. However, there is a problem—if BTC really breaks below $90,000, other cryptocurrencies will find it hard to stay unaffected and are likely to be dragged down as well.

Yesterday, the community's focus was on two popular meme coins launched on a major exchange. Possibly due to a meme coin craze in early January, the exchange listed them accordingly, but the market has already formed a collective expectation of "listing equals dump." This proliferation of short-term trading mentality is honestly not beneficial for the long-term development of the ecosystem. No matter how good the narrative, it can't withstand habitual dumping, and ultimately, those who believe in the projects suffer the most.

Tonight, there's a major event—the release of non-farm payroll data. Similar to the last small non-farm report, the market is likely to see some hype, and volatility probably won't be small. But what might truly influence the market now is geopolitical developments. Media reports in recent days have been continuously covering the US accelerating military deployments in the Middle East, and the calls for action against Iran over the weekend are growing louder. Such uncertainties often directly impact the direction of risk assets.

BTC0,05%

ETH-0,38%

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alpha_leaker

· 01-12 01:15

9.1K has been tested again, is this hurdle really that tough? --- Meme coins are listed and then dumped, someone must be left holding the bag again this time. --- Non-farm payrolls are coming, and the chaos trading continues. Geopolitical tensions are the real killers. --- If BTC really drops below 90K, even Ethereum's stability is useless; it can't escape. --- The short-term dumping trend needs to change, or even the best projects won't survive. --- Now every coin on exchanges has become a harvesting tool, it's hilarious. --- Volatility is here. Where can the non-farm data take us this time? --- Ethereum is holding at 3100; it all depends on BTC not to go too crazy.

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PhantomHunter

· 01-11 05:24

9.1K this threshold really can't hold, feels like I need to keep exploring downward --- It's another case of listing a coin and then crashing the market, exchanges really know how to play --- Non-farm payroll tonight, geopolitical situation is even more terrifying, the crypto world is really caught in the crossfire --- When BTC drops, ETH can't escape either, this is what you call correlation, brother --- Is the meme coin craze just like this? The retail investors are coming back --- Repeated tests of the 90K support, I see it as uncertain --- Breaking the trend line is dangerous, gotta watch out

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GateUser-addcaaf7

· 01-09 03:00

Breaking the 91,000 support is no small matter; even ETH will have to follow suit. --- Meme coins getting dumped immediately after listing—this routine has been played out to perfection. --- Non-farm payrolls combined with geopolitical tensions deliver a double blow; tonight might see bloodshed. --- If BTC truly falls below 90,000, no matter how strong other coins are, it's useless; they can't escape. --- This wave of operations is essentially just a way to harvest retail investors; those who are long-term optimistic should reflect. --- Geopolitical uncertainties are a bit disgusting; everyone is now cautious about their money.

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AirdropChaser

· 01-09 03:00

90,000 really can't hold up, this time it's a bit uncertain... --- Meme coins dump immediately after launch, this wave is really disgusting, retail investors are being cut deeply --- If BTC really crashes, ETH won't escape either, don't think you can stay safe on your own --- Non-farm payroll data combined with geopolitical tensions, tonight might see a bloodbath --- It's the same old exchange tricks to wipe out retail investors, every new coin is a trap --- The 91,000 level really feels unbreakable, the risk of decline is still quite high --- ETH is relatively resistant to decline, but that's only temporary; if BTC crashes, everything will go down with it --- Talking about long-term development, the market is just smashing and smashing, who the hell would wait for a narrative? --- Tonight, watch the non-farm payroll data show, bet on how it will turn out --- Right now, the market depends on geopolitical movements; the crypto world has become more of an accessory

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BrokenDAO

· 01-09 02:59

The 91,000 is just a joke; exchanges have long started dumping. Don’t rely on what the candlestick charts say about support. Listing coins and then dumping has been played countless times. Are people still rushing in? When the incentive mechanism is distorted, this is the result. Non-farm payroll data? Geopolitical tensions? Honestly, it's just an excuse to create uncertainty for retail investors, to smash the market. The day BTC breaks 90,000, Ethereum will inevitably follow, no exceptions. The meme coin craze shows what—just that human nature is an unsolvable puzzle. No matter how good the governance framework is, it’s all in vain.

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SerRugResistant

· 01-09 02:59

91,000 is just a trap, I should have realized it earlier. This wave of BTC is really not as strong as imagined. Watching ETH stubbornly hold on, once the main player falls, these accompaniments won't escape either. Don't dream. The meme coin pump-and-dump routine is tired, and some people still rush in to buy the dip. Laugh out loud. Non-farm payroll data will explode tonight, and the Middle East is about to stir again. How can risk assets stay stable?

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Degentleman

· 01-09 02:44

9.1K really can't hold up, after consecutive tests, it feels like it's going to break this time. That wave of meme coins is really ironic; listing and then dumping has become the consensus. How else can we play? Non-farm payrolls and geopolitical tensions, tonight will definitely be a watershed moment. Be prepared, everyone. Once BTC crashes, ETH won't be able to escape. Don't hold onto false hopes. The exchange's recent operations are indeed unscrupulous; the IQ of retail investors has been insulted. I heard some brothers have also had a bad experience with meme coins; it's time to wake up. Now it's all about who has better risk control; everything else is just虚.

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