2026-01-10 13:50:34

January 10 Market Review

After the release of the non-farm payroll data, the market movement follows the usual pattern—initial hype with grand preparations, but when it actually materializes, it’s rather sluggish. During this data-driven rally, Bitcoin fluctuated for a while, with a core range of about 2000 points. Honestly, even without this data, we had already clearly confirmed a bullish outlook around the 90,000 level yesterday. The evening surge precisely hit our target, fully confirming that our current technical analysis remains accurate.

Looking at the current situation, there is still room for short-term upward exploration. It’s likely that we will see a pullback in the middle, with support zones expected around 89,000 to 90,000, but this doesn’t fundamentally change the overall oscillating upward trend. The next step is to gradually increase positions while holding the support levels—no need to rush.

**Technical Breakdown:**

On the daily chart, BTC shows a typical range-bound pattern. The 92,000 level acts as a significant resistance, while 89,600 provides relatively solid support. Although there are signs of a rebound on the hourly chart, there is considerable selling pressure near 92,000.

Regarding the MACD indicator, the hourly DIF is trending upward but still remains in negative territory, while DEA is continuously pushed downward, and the red bars are getting shorter. This indicates limited momentum for a sustained rebound. The daily MACD’s green bars are noticeably shrinking, suggesting the bearish momentum is waning, which is favorable for bulls to build strength. On the RSI, the hourly RSI is around 57, approaching overbought but not yet showing a clear direction. The daily RSI remains stable at 50, indicating a cautious market sentiment overall.

In terms of moving averages, the hourly 7EMA has crossed above the 30EMA, hinting at a short-term rebound potential. However, the 120EMA still exerts resistance overhead, and this pressure has not significantly eased. The daily EMA remains in a bullish alignment, maintaining a strong long-term trend.

**Trading Strategy:**
BTC Range: Buy long at 88,900-89,900, target 91,500-92,500
ETH Range: Buy long at 3,010-3,050, target 3,130-3,170

BTC-5,01%

ETH-8,41%

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GateUser-75ee51e7

· 01-12 20:38

Non-farm payrolls once again turned out to be a false alarm; I'm tired of this routine, haha.

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MEVVictimAlliance

· 01-12 13:21

Non-farm payrolls are the same old trick again. Before the data is released, everyone hyped it up, and it turns out to be just this 2000-point break wave? Wake up, everyone. The technical aspect is indeed clear, but I'm worried that people's minds are not old-fashioned enough to keep up with the rhythm. Is 89,000 well protected? The 92,000 level is indeed heavy. After a short-term rebound, the momentum is insufficient. It's better to wait for support. I think entering long at 88,900 is stable, but I'm afraid another black swan might trap me in. Instead of obsessing over non-farm payrolls, it's better to carefully watch the hourly chart's DIF. When the green bars shrink, that's a signal. Don't rush to add positions. Building a solid foundation is more important than anything. I've already laid an ambush at 89,500.

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SleepTrader

· 01-12 10:07

Here comes the usual non-farm payroll pattern again, and this time it's really sluggish. What does a 2000-point fluctuation mean? I was right yesterday and still have to wait until today?

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BrokeBeans

· 01-11 02:10

It's the same old non-farm data routine. A 2000-point fluctuation—who are you trying to scare? I've seen through it long ago.

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DegenDreamer

· 01-10 14:20

Non-farm payrolls are back with their usual mix of real and fake tricks, and this is the result? Bitcoin's fluctuations are all for nothing after all that effort. Wait, analyzing so thoroughly, why do I feel the risk of being trapped is being hidden? Can this line at 89,000 really hold? I have no confidence. Add more positions, you all are adding, but the more I look at it, the more nervous I get. What if 92,000 can't be broken? This technical aspect is a bit mysterious.

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StablecoinAnxiety

· 01-10 14:19

Non-farm payrolls are just another show. The hype was intense earlier, but the actual drop is only about 2000 points, which is exhausting for people's nerves.

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GasFeeGazer

· 01-10 14:16

The non-farm payroll data this round of market movement was indeed disappointing, and it wasn't as precise as yesterday's technical analysis. This dip is a good opportunity to buy the dip again. Just hold the line at 89,000 and don't panic.

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bridge_anxiety

· 01-10 14:10

It's another non-farm payroll day with fireworks. It can't go down, it can't go up, and it's not as honest as yesterday's trend.

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SchrodingerWallet

· 01-10 14:05

Non-farm payrolls are back at it again, but it's the same old story. Bitcoin's price movement isn't as big as expected. Wait, is this slow decline indicating that the bulls are actually the true mainstream? If I can't hold 89,000, I'll add to my position. Anyway, the technicals are still in a long-term bullish alignment.

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