2026-01-09 07:28:12

Bitcoin retraced to around 89,200 yesterday and found support, then rebounded to reach 91,600 but failed to break through effectively. Currently, it is oscillating between 90,500 and 91,000. Market participants are not strongly willing to build positions at the current level, with both bulls and bears waiting and watching.

From a technical perspective on the daily chart, resistance above Bitcoin is concentrated at two key levels: 91,700 and 92,300. Effective support below is at 90,500 and 89,500. If adopting a high-level short strategy, traders can gradually open short positions between 91,700 and 92,300, with a breakout level set above 92,300. For low-level long entries, consider accumulating positions between 90,500 and 89,500, with stops if the price drops below 89,000.

The current consolidation around 91,000 may continue until the non-farm payroll data is released at 21:30 tonight, which could trigger a directional breakout. It is important to note that market volatility may be intense before and after the economic data release. Short-term traders can pre-place orders but should be cautious of rapid price spikes during the data release.

BTC0,79%

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SigmaBrain

· 16h ago

It's the same deadlock again. When will we be able to break through?

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OnChainDetective

· 01-09 07:58

ngl the real pattern here is whale accumulation around 89.5k support... transaction clustering suggests institutional buying pressure masked by retail noise. statistical anomaly detected in order book positioning before nfp drops, classic setup. watch the wallet flows post-21:30, that's where the truth lives

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orphaned_block

· 01-09 07:45

Here comes the grind again, this market really tests people --- How long do we have to defend the 91000 level? Keep failing to break through --- On the eve of non-farm payrolls, I choose to lie flat and watch the battle --- Both high-altitude long positions and low positions are laid out, just waiting for non-farm payrolls to give a direction --- The risk of inserting needles must be taken seriously, I was cut once in the previous two times --- If 90500 can't be broken, it's time to consider whether to cut losses --- When will this grind finally end? It's driving me crazy --- 92300 is the real resistance level, everything else is fake --- Both bulls and bears are on the sidelines, in other words, no one dares to move --- See the real deal at 21:30 tonight, currently holding coins and staying put

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GasFeeCrybaby