2026-01-08 11:11:06

#以太坊大户持仓变化 The night before the non-farm payroll report, what is the crypto market waiting for?

Recently, Bitcoin has been oscillating around $90,000, while Ethereum is stuck around $3,100 without breaking free. Honestly, today’s market was incredible—morning saw dull, range-bound trading with very low volume, then suddenly a sharp drop at midday, followed by a sporadic rebound towards the close, but the rebound was weak, like squeezing toothpaste.

Where is the core problem? The Federal Reserve is causing turbulence. Some officials are calling for rate cuts, while others say inflation isn’t fully under control yet. With both sides pulling, the market is simply sitting and watching. Plus, the disappointing "small non-farm" data and the relatively strong services PMI send mixed signals, leaving participants a bit confused. Recent new regulatory rules in Hong Kong have also increased the cost of holding assets for institutions, dampening their enthusiasm to support the market.

Technical charts make it even clearer. On the 1-hour chart, this morning was just a volume-consolidation phase; in the afternoon, Bitcoin plunged from 92,000 directly down to the edge of 90,000, while Ethereum dropped from 3,180 to 3,100. During this process, volume increased, typical of panic selling. Although there was a slight rebound at the end, how long that support can hold is uncertain.

The tense moment is here—tonight’s initial jobless claims data and Friday’s non-farm payroll report will directly determine whether the Fed is truly cutting or just pretending. Volatility is highly likely.

What to do now? Don’t rush to buy the dip; just watch. If Bitcoin can hold steady at 90,000 and Ethereum stays above 3,100, there might be a small rebound opportunity. If these support levels break, then watch for lower levels. Also, keep an eye on the Fed’s next move and regulatory developments.

$BTC $ETH $PEPE

ETH0,82%

BTC1,21%

PEPE0,79%

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DecentralizeMe

· 01-11 10:57

The toothpaste market is really crazy, so many conflicting signals are exhausting people. On the eve of non-farm payrolls, it's better to just watch quietly and not think about bottom fishing. As soon as Hong Kong's new regulations came out, institutions all backed down. No wonder no one dares to support the bottom. The two thresholds of 90,000 and 3,100, once broken, we will have to look downward.

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LiquidityLarry

· 01-11 06:40

The squeezing toothpaste market is really incredible; the trading volume in the early session is hardly enough to do anything... --- If 90,000 can't hold, then directly drop to 8.8; this support level feels very weak. --- Waiting for the non-farm payrolls; entering now is like gambling with the Federal Reserve, there's a bit of a gamble in the air. --- Hong Kong's new regulations have dampened the enthusiasm of institutions; funds are indeed on the sidelines. --- Bitcoin and Ethereum are both stuck, like two trapped beasts circling in a cage. --- Don't try to catch the bottom; just watch. This is the key—wait before making a move. --- The services PMI is surprisingly strong, but even the non-farm payrolls are not ideal. Is the market waiting for good news or bad news? --- Ethereum dropped directly from 3180 to 3100; when volume increases, it's clear someone is dumping. --- If the non-farm payrolls on Friday are weak, this support level will probably break. --- Hold on to 90,000 and 3100; the rebound opportunity is still there. If broken, look downward.

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UncleWhale

· 01-10 18:20

The squeezing toothpaste market is really intense. Someone is clearly liquidating their positions in this sell-off.

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ContractTearjerker

· 01-08 11:41

The squeezing toothpaste market is really crazy. I'm going to sleep directly and wait until the non-farm payroll data comes out.

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SybilAttackVictim

· 01-08 11:32

The squeezing toothpaste market is really incredible, it's making me sleepy haha

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ForumMiningMaster

· 01-08 11:32

Pump and dump market, it's really incredible --- The night before non-farm payrolls should be like this, just wait for the data --- That new rule in Hong Kong indeed makes people anxious, institutions are all pulling back --- Breaking 90,000 is just a matter of these two days --- Where's the promised rebound? The strength at the close is like nothing happened --- The Fed folks really can talk, the market is being played around in circles --- I still think there's no need to rush, wait until the support level is broken --- The moment Bitcoin hits the 90,000 mark, I knew today was a no-go --- Regulation + Federal Reserve, double pressure, no wonder no one dares to take over --- Low-volume consolidation is the most annoying, this kind of market is easiest to trap stop-losses

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alpha_leaker

· 01-08 11:26

This market before the non-farm payrolls is just quietly holding back big moves, it's really uncomfortable to watch.

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PonziDetector

· 01-08 11:14

The toothpaste market is really disgusting. Let's wait for the non-farm payroll data; it won't move anyway.

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