2026-01-09 03:34:40

Yesterday, Bitcoin broke below $90,000, taking a heavy hit. However, positive news came from Federal Reserve officials, suggesting a potential rate cut of 150 basis points in 2026. This strong confidence booster pushed the price back up, essentially recovering the lost ground.

Today’s focus is on the Non-Farm Payrolls report. U.S. January non-farm data will determine the market’s rhythm moving forward. If the unemployment rate exceeds 4.7% or new jobs are far below expectations, a rate cut in January will be certain, and the rebound momentum will be quite strong. The potential for this rally is significant.

From the daily chart perspective, as long as key support levels are maintained without breaking, after three consecutive down days, a reversal to an upward correction is expected. The bottom of the pullback is likely in sight. I still stick to my initial judgment — on a larger cycle, a rebound towards $100,000 is possible, with the timing potentially after the rate cut.

In terms of trading: BTC around $90,000 to $90,500 can be considered for long positions, with targets of $93,000 and $94,000. ETH around $3,100 and $3,050 can be used to build long positions, with targets of $3,200 and $3,260.

The key is to watch out for the non-farm data as a variable. If the data is in line with expectations, this year’s market could be promising.

BTC0,29%

ETH0,95%

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ContractFreelancer

· 12m ago

All before the non-farm payrolls are just speculation; I rely on the data. The 90,000 level is indeed a good opportunity, but I remain cautious and don't dare to go all in.

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MetaverseLandlady

· 4h ago

The non-farm payroll data this time is really a watershed moment—either it rises to 100,000 or drops below 90,000, with no middle ground. I bet the unemployment rate will skyrocket, and a rate cut is definitely coming.

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JustAnotherWallet

· 16h ago

The non-farm data looks promising this time; otherwise, we'll get cut again.

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FUD_Whisperer

· 01-09 04:04

Another non-farm payroll report and interest rate cuts, sounds great, but what's the reality? I just want to know if this time will be another false alarm. Rebound to 100,000? Let's first hold at 90,000, and then talk. Don't get caught again.

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RiddleMaster

· 01-09 04:03

Is everyone this nervous on the night before the non-farm payrolls? It seems like everyone in the crypto circle is betting on this data... By the way, is the 150 basis points from the Federal Reserve real?

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LayerZeroHero

· 01-09 04:03

It has proven that support levels are support levels; if they can't be broken, a rebound is necessary. Non-farm payroll data is a key variable, and real measured data should speak for itself. We can't rely solely on interest rate cut expectations to sustain the market.

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MetaMaskVictim

· 01-09 03:47

The 90,000 mark is really a bit annoying; non-farm payrolls are the key. When the non-farm data is released, it’s either takeoff or a plunge, can’t gamble on it. The 100,000 target sounds good, but I’m just worried it might be another scythe market. BTC’s recent operation logic is clear, but the Federal Reserve’s words are always double-edged. Cutting interest rates by 150 basis points? Sounds good, but who knows what will happen by 2026.

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GamefiHarvester

· 01-09 03:35

Non-farm data is the real killer. No matter what is said about interest rate cuts, it's all in vain. If employment data improves this time, it will be hammered again.

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LiquidityWizard

· 01-09 03:35

ngl the 150bp cut in 2026 sounds theoretically compelling but we're talking about 12 months of potential chaos before that actually matters. statistically speaking, nonfarm data tomorrow is gonna be the real liquidity test here.

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