1.10

In the non-farm payroll data released yesterday, the unemployment rate decreased from 4.5% last month to 4.4%. This is a slight positive for the economy but also reduces the number of interest rate cuts by the Federal Reserve in 2026. Of course, this is without considering Trump and the new Federal Reserve Chair.
Then, the employed population decreased from 56,000 last month to 50,000, below the expected 60,000. This is slightly negative, but not a big issue. After the change of the Federal Reserve Chair in 2026, the market has not yet started pricing in it, and it still depends on the internal coordination of the Fed. The June FOMC meeting might be the most important one this year. However, the market already expects only two rate cuts in 2026, so today's data is not considered negative; instead, it increases the strength of the US economy.
Additionally, today’s main event was supposed to be the Supreme Court’s ruling on Trump’s tariffs, but it has been postponed to January 14. It is highly likely that the Supreme Court will not support Trump’s tariffs, but Trump’s team has already prepared alternative plans. Overall, the market remains relatively normal at the moment.

BTC
In the past two days, our focus has been on whether the 90,000 level can be broken. The market has been moving around the 90,000 mark as expected, continuing to oscillate above it. Currently, attention should be paid to the daily and hourly charts. The hourly chart is gradually forming a bottom at this level. The strategy remains to watch for a rebound as long as 90,000 is not broken. Meanwhile, on the daily chart, the fast and slow lines at this level must not break below the zero axis to sustain the upward trend. Support levels are 90,500-88,500, and resistance levels are 92,500-94,300.

ETH
Ethereum still follows Bitcoin. Currently, on the daily chart, attention should be paid to the 3,050 level. As long as this level is not broken, it will continue to move upward. For the intraday, if 3,050 is not broken, watch for a rebound on the hourly chart. Support levels are 3,050-3,000, and resistance levels are 3,160-3,290.