Market Analysis Conclusion: As of January 8, 2026, BTC and ETH continue to fluctuate at high levels with a correction trend. Market data shows that BTC has returned to around $91,200 with a fluctuation, down approximately 2.6% over 24 hours; ETH has stabilized around $3,150, with a 24-hour decline of about 3.8%. Capital flows show a clear divergence, with the US spot Bitcoin ETF recording a net outflow of $243 million, ending two consecutive days of inflows totaling $1.16 billion, while the Ethereum ETF attracted a net inflow of $114.7 million.

On the macro level, the Federal Reserve's rate cut expectations have been postponed to the second quarter, with the non-farm payroll data on January 9 becoming a key market indicator. Technically, BTC is generally oscillating within the $91,000-$95,000 range, with key support at $91,000-$91,200 from previous fluctuations; ETH is trading within the $3,100-$3,300 range, repeatedly oscillating between $3,130-$3,160.

Operationally, it is recommended to focus on buying on dips with light resistance for short positions, strictly control position sizes, and set proper stop-losses.