Jan 9 Market Update: BTC Holds $90k as Traders Await US Jobs Data

After a volatile week, Bitcoin ($BTC) is successfully holding the $90,000 psychological floor. Yesterday's $450M deleveraging event was painful for high-leverage "longs," but it has cleared the path for a much healthier market structure as we head into the weekend.

1. The Stability Test

Currently, $BTC is trading between $90,800 and $91,500. While we saw a brief dip to $89,240 yesterday, the quick recovery shows that there is still strong "buy-the-dip" appetite. Funding rates have neutralized, meaning the "froth" from the first week of January is officially gone.

2. The Next Catalyst: US Jobs Data (Today)

The "sideways chop" we are seeing this morning is largely due to the US Non-Farm Payrolls (NFP) report being released today (Jan 9).

If the report is weak: It may increase expectations for rate cuts, which is generally Bullish for Bitcoin.

If the report is strong: It may signal a "higher for longer" stance from the Fed, potentially leading to another test of the $88,500 support level.

3. Regulatory Watch: The CLARITY Act

All eyes are fixed on January 15th. The Senate Banking Committee’s vote on the Digital Asset Market Clarity Act (CLARITY) is the most significant regulatory milestone of Q1 2026. This bill could finally define the "Maturity Test" to distinguish between securities and commodities, providing the institutional green light many are waiting for.

Updated Strategy

Support: $90,000 (Psychological) / $88,500 (On-chain cluster).

Resistance: $93,000 / $94,200.

My Take: We are in a "wait-and-see" zone. I am observing the price action during the US market open today. No need to FOMO; the best trades are made when the dust settles.

Trade with a plan, not your emotions.

Disclaimer: This post is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry high risk. Please do your own research (DYOR) before trading.

#Bitcoin #BTC #MarketUpdate #Crypto2026 #BinanceSquare #Write2Earn