Yesterday's sharp decline was indeed quite fierce, with Bitcoin dropping below 90,000 and Ethereum failing to hold 3,180. A large number of long positions were wiped out. In the short term, the bears are definitely in the lead, but the question is— is this really just a shakeout?
Looking back at the daily chart, the overall upward structure is still intact, just undergoing a correction. The key is whether it can hold steady at the support level.
Tonight's main event is the US non-farm payroll data, followed by the implementation of tariff policies. Before these two events are confirmed, the market is likely just waiting, and the trend will probably remain volatile.
Institutions are generally optimistic, predicting that Bitcoin could reach 150,000 by 2026. The staking fundamentals for Ethereum are also quite solid. If the price can stabilize at key levels, this correction might actually turn into a good opportunity for layout.
$ZEC, $BCH , and other coins are also on the watchlist recently, and their trends need further observation.
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FUD_Vaccinated
· 10h ago
Once again, it's the same old trick of sweeping the longs, really treating us like retail investors.
When the institution says 150,000, I just laugh. This time, I won't believe the hype.
Before the non-farm payroll data is released, I'll hide for a bit—don't get caught in the trap.
If the support level breaks again, it's game over. Quickly cut your losses, everyone.
Is this a shakeout? I think it's just the main players offloading. Don't be fooled.
For small coins like ZEC and BCH, now is not the time to touch them, brother.
Entering the market now is a bit early. Wait until the non-farm payroll dust settles.
Staking for stability—what's the point? The price still crashes violently. This is ridiculous.
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AlphaBrain
· 01-09 04:03
Shakeout or top-out, you'll know once the non-farm data is released. Let's just wait and watch the show.
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ProbablyNothing
· 01-09 04:03
Is it a shakeout or a real drop? We'll know once the non-farm payroll data is released. There's no point in saying anything now.
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SelfStaking
· 01-09 03:54
Pullback or top formation, it depends on how the non-farm payroll report is interpreted...
Institutions are talking about 150,000, I just take it as a story, wait for the dust to settle before making any moves.
If the key levels can't hold, then it's definitely going down again, don't be too optimistic.
Support levels really need to be watched closely, or else there will be wave after wave of sell-offs.
BCH has been doing nothing lately, is it still worth paying attention to?
Once the non-farm data is released, there will probably be another wave of volatility, be prepared.
Basically, it's just waiting, and there's still some profit to be made in this oscillation range, don't be greedy.
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BlockchainGriller
· 01-09 03:52
Is it a shakeout or an escape? Non-farm payroll data rules everything. Entering now is purely a gamble.
Is 90,000 really unmanageable? Feels like institutions are just fooling around again.
Let's wait until the dust settles. Right now, going long or short is just giving money to the exchange.
Is the staking fundamentals solid? Then why is it still dropping so hard? Feeling a bit confused.
Is this the right time to position? Bro, I prefer to stay cash is king and wait and see.
Forget about ZEC and BCH, focus on the mainstream coins.
If support levels can't hold, just smash through. Don't have too high hopes.
What can institutions expect by 2026? Let's survive until next year first.
Breaking below 90,000 and calling it a correction? That's just a breakdown.
On the night before non-farm payroll, I won't move a single cent.
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MeltdownSurvivalist
· 01-09 03:37
The drop yesterday was indeed fierce, but I really hope it was just a shakeout. I'm just worried that the previous rapid rise was too fast.
Let's wait for the non-farm payrolls. Anyway, there's no point in saying anything now; the market is just waiting for these two shoes to drop.
Yesterday's sharp decline was indeed quite fierce, with Bitcoin dropping below 90,000 and Ethereum failing to hold 3,180. A large number of long positions were wiped out. In the short term, the bears are definitely in the lead, but the question is— is this really just a shakeout?
Looking back at the daily chart, the overall upward structure is still intact, just undergoing a correction. The key is whether it can hold steady at the support level.
Tonight's main event is the US non-farm payroll data, followed by the implementation of tariff policies. Before these two events are confirmed, the market is likely just waiting, and the trend will probably remain volatile.
Institutions are generally optimistic, predicting that Bitcoin could reach 150,000 by 2026. The staking fundamentals for Ethereum are also quite solid. If the price can stabilize at key levels, this correction might actually turn into a good opportunity for layout.
$ZEC, $BCH , and other coins are also on the watchlist recently, and their trends need further observation.