BTC Breaks 100k Again as Market Awaits Key Economic Data 🤫
BTC approaches the critical 100k level again after facing significant selling pressure in December. Unlike the previous breakout on 5-Dec, funding rates remain stable, and a short squeeze appears unlikely in the near term.
Market sentiment remains neutral, as evidenced by soft frontend volatility and balanced skew. Without crypto-specific catalysts, attention shifts to macroeconomic data, particularly the U.S. jobs report on 10-Jan, preceded by JOLTS (7-Jan) and ADP (8-Jan). Trump-related catalysts are not expected until after his inauguration on 20-Jan.
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