On January 10th, Bitcoin fluctuated around $91,000, and the market sentiment became noticeably cautious—after all, non-farm payroll data was about to be released, and no one wanted to make reckless moves at this time.
Looking back, the optimism from the ETF net inflows at the beginning of the month has been almost worn down by three consecutive days of capital outflows. The price has been trending downward from the high of $94,000, and many might be feeling uneasy. But don’t overlook a detail: the institutional-level long-term allocation foundation is still there, providing support.
For those holding positions, it’s a time when bulls and bears are battling it out. There’s no need to be frightened by daily fluctuations, but you should keep an eye on key support levels—any changes at these points could be a clear signal of the market’s direction.
In the short term, macroeconomic data will be released one after another. Just wait patiently; the market will eventually give a clear direction. Don’t rush to chase gains or cut losses—let the bullets fly for a while.
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RadioShackKnight
· 01-11 19:58
91,000 is really annoying at this level, dancing here every day.
Are institutions still accumulating? Then I'm relieved, just keep lying down.
Before non-farm payrolls, it's always like this. Don't watch the market anymore, it's bad for the eyes.
As long as the support level holds, that's fine. If it doesn't, we'll talk again.
Capital outflow for three days? Normal operation, better to wash out and be healthier.
From 9.4 until now, I'm a bit mentally exhausted... but this is just practice.
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SnapshotLaborer
· 01-11 11:02
As long as the institutions are still in place, they dare to run, really? I feel like breaking 90,000 is just a chain reaction.
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Before non-farm payrolls, this kind of volatility is the most annoying. Who the hell knows what the data will be.
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Let the bullets fly? I’ll believe it when your bullets reach 80,000.
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Since 9.4 until now, nothing beats the thrill of directly bottom-fishing.
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The support level has been broken so many times, and you're still talking about support levels, hilarious.
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Money has been flowing out for three days, and you tell me institutions are still at the bottom, that logic is perfect.
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Let’s wait and see, anyway, I’m just an observer.
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In the face of major events like non-farm payrolls, holding positions steady is the hardest.
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defi_detective
· 01-10 08:59
The institutional foundation is still there, so I feel reassured. However, the non-farm payroll data is really a variable.
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ValidatorViking
· 01-10 08:59
institutional flows still holding the line, that's the real signal here. three-day bleed is noise compared to the macro infrastructure—been through worse corrections. nonfarm data coming is just consensus finality for price action, nothing revolutionary. holder behavior matters more than daily volatility tbh.
Reply0
shadowy_supercoder
· 01-10 08:53
As long as the institutions' foundation is still there, I don't believe they'll let us cut our losses.
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UncleWhale
· 01-10 08:37
Institutions are still taking over, so retail investors shouldn't panic. Let's wait until the non-farm payroll data is released. Chasing gains and selling losses now is just giving away money.
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BasementAlchemist
· 01-10 08:34
As long as the institutions still have their foundation, they dare to lie flat? I think it's just self-comforting.
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Is 91,000 really able to hold this position? I have my doubts.
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The night before non-farm payrolls is always like this; everyone is waiting for the shoe to drop. So annoying.
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Falling from 9.4 really crushed the mentality, but according to him, it doesn't seem to be anything new.
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Let the bullets fly? The bullets are gone long ago, all in the pockets of institutions.
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Support levels, support levels, every time they talk about support levels, and then?
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I just want to know whether the next step is to break 9 or push to 10. Stop beating around the bush.
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It's easy to say, but when it really drops, not many can stay calm.
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The real highlight is when macro data is released; right now, everything is fake.
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Institutions' allocation foundations are useless; retail investors still have to cut losses.
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SandwichTrader
· 01-10 08:34
As long as the institutional foundation is still there, you can rest assured. No one can be dishonest on the night before the non-farm payrolls.
On January 10th, Bitcoin fluctuated around $91,000, and the market sentiment became noticeably cautious—after all, non-farm payroll data was about to be released, and no one wanted to make reckless moves at this time.
Looking back, the optimism from the ETF net inflows at the beginning of the month has been almost worn down by three consecutive days of capital outflows. The price has been trending downward from the high of $94,000, and many might be feeling uneasy. But don’t overlook a detail: the institutional-level long-term allocation foundation is still there, providing support.
For those holding positions, it’s a time when bulls and bears are battling it out. There’s no need to be frightened by daily fluctuations, but you should keep an eye on key support levels—any changes at these points could be a clear signal of the market’s direction.
In the short term, macroeconomic data will be released one after another. Just wait patiently; the market will eventually give a clear direction. Don’t rush to chase gains or cut losses—let the bullets fly for a while.