🟢January 9, 2026, BTC fluctuated around $91,000 during the day, sharply dropped below $90,000 in the afternoon due to risk aversion sentiment, and has now rebounded to around $90,500. On a macro level, the market is holding its breath awaiting tonight's first non-farm payroll data, betting on the Federal Reserve's rate cut pace, with major players taking the opportunity to first kill the longs and clear leverage. In terms of candlestick patterns, the daily chart shows a lower shadow indicating that there are still buyers below $89,000, but the rebound momentum is limited, constrained by the massive short liquidation pressure above at $92,000. It is expected that before the data release, the market will oscillate frequently within the range of $89,500 to $91,500, and traders should be alert to the risk of "pinning" up and down.