2026-01-08 07:27:17

1. Today’s Market Snapshot and Adjustment Logic

The crypto market on January 8, 2026, experienced a slight fluctuation—after a strong rebound in Bitcoin and Ethereum at the beginning of the year, today saw a technical correction. By around 2 PM, Bitcoin fluctuated around $91,300, with a low of $90,635, down about 1% in 24 hours; Ethereum rebounded from a low of $3,124 to around $3,170, but still declined nearly 4% over 24 hours, breaking through previous support levels.

The trigger for this adjustment is quite clear—last night, the US ADP employment data was released as expected, directly triggering some profit-taking. Additionally, the short-term technical indicators showed overbought conditions, requiring a correction, which is a normal adjustment logic. The key point here is that the underlying logic supporting the entire market remains intact: the continuous net inflow into the US spot Bitcoin ETF at the beginning of the year has been providing a foundation for the market; large investors did not panic and sell off during the pullback; and the integration of traditional finance and crypto continues to deepen—such as Walmart recently launching BTC and ETH trading services through the One Pay app, indicating that the overall direction remains unchanged.

Currently, the market’s focus has shifted entirely to two key data releases this week—Thursday’s US CPI inflation data and Friday’s non-farm employment report. These two data points are directly related to the Federal Reserve’s future policy decisions, and the Fed’s actions will ultimately determine the direction of the crypto market.

2. How to View Bitcoin’s Technicals

In the short-term trend, a descending channel has already formed on the 2-hour chart, with the price dropping from $92,879 to $90,873. After a few bearish candles, market sentiment appears somewhat weak. However, as long as the key support levels hold, there is still potential for a rebound.

BTC0,32%

ETH-0,78%

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TokenSherpa

· 01-10 01:30

actually, let me break this down for you—the eth breakdown below 3170 is way more significant than most are treating it. if you examine the data, we're looking at a pretty standard liquidity grab before the fed speaks, historically speaking.

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IronHeadMiner

· 01-09 07:31

Walmart launching BTC trading is the real signal, traditional finance is finally done pretending --- Once again ADP is crashing the market, this data really is a nightmare for the market... --- If 90K can't hold, then we'll be looking at 88K again, so annoying this wave of correction --- CPI and non-farm payrolls are the true stabilizers; I won't dare to move anything before these two data are out --- ETH has already broken support, short-term is really a bit dangerous, but the fact that big players haven't dumped is a good sign --- The miners' intuition tells me this dip is just a shakeout, the overall trend is definitely fine --- It feels like we're about to enter a sideways mode again, we need to keep a close eye on these two data points this week --- 91300 is such an awkward level, can't go up, but not down either --- According to this trend, we need to wait for the Federal Reserve to ease up, otherwise it will be a sideways hell --- As long as ETF continues to see net inflows, I won't panic; this is the strongest underlying support

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RunWhenCut

· 01-08 21:39

Here we go again, a wave of adjustments and then stories start to be told... Just because Walmart launches BTC trading doesn't mean the overall direction hasn't changed. Do they really think we're all just leeks? If 90635 can't hold, then it probably depends on 80, right? Technical analysis sounds nice, but isn't it just waiting for the data to hit? When CPI comes out on Thursday, it might plunge again, and then they'll say it's just normal correction.

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BearMarketBard

· 01-08 07:48

Is it time to cut the leeks again? I knew they were coming with this move when ETH broke support. Walmart launching a coin trading platform and claiming to deepen integration—alright, alright, I believe you. CPI data is the real boss; this week depends on the Fed's mood. Holding the support level? Bro, this support level looks as fragile as paper. As long as the big players don't dump, the underlying logic is still there? Laughable, this logic is just like a joke. Now just waiting for Thursday, and it'll be another brutal beating.

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LiquidationTherapist

· 01-08 07:48

Hmm... It's the same old ADP dump scheme, every time. But Walmart launching BTC trading is indeed a bit interesting; traditional finance is getting competitive. Ethereum breaking through the support level is a bit awkward; let's see how Thursday's CPI performs. Short-term overbought correction is normal, but I'm more concerned about whether big players are secretly reducing their positions. From the data, it seems okay? If the support level at 90635 can hold, I'll keep lying here; if not... forget it, let's wait and see the CPI. Walmart's entry is a signal, but it can't be eaten as a meal. The main thing is to watch how the Federal Reserve plays; one data point can change everything.

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quietly_staking

· 01-08 07:45

Took a small dip, but the underlying logic is still there, no need to panic. ETH breaking support this time is interesting. Let’s see how Thursday’s CPI turns out. Walmart is already on BTC, institutions are quietly accumulating. What are we panicking about? The key support at 90800 must hold, or it’ll be a bit uncomfortable. ADP data is out, now just waiting for CPI to stir things up. The market is watching intently. This correction is actually just preparing for a big rally later. Those who miss the breakfast will end up regretting it.

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AllInDaddy

· 01-08 07:42

It's dropped again. Is it going to stay put this time... The key thing is Walmart launching trading services, which shows that major institutions haven't left.

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OnchainSniper