The following is some analysis of BTC's market in the next few days:
Short-term (next 1-3 days)
• Technical aspect: On January 3, some opinions believed that BTC was in a rebound and repair market. If it could break through 98,000 points, it is expected to further rush up to the 100,000-102,000 range, with the key point near 108,000. However, some analysts pointed out that according to the 4-hour K-line analysis at 16:00 on January 2, the MACD histogram continued to be positive and gradually became shorter, the strength of the bulls weakened, and the KDJ indicator showed overbought.
• Market sentiment: The market is more optimistic about the market on January 3. Some people believe that Bitcoin will break through 98,000 points and rush up to 100,000 again, and altcoins will also follow the rise. However, there is still some uncertainty in the overall market sentiment, and investors have different opinions on whether to chase highs.
• Funding: There is no obvious sign of a large inflow or outflow of funds, but some believe that with the possible injection of $15 billion of funds from FTX on January 6, there will be a wave of buying preheating and speculation.
Medium-term (next 4-7 days)
• Macroeconomics: The United States will release unemployment data on January 10. Although the data is expected to perform well, there may be panic and risk aversion in the market before the official release, which will affect the price of BTC. In addition, Trump will officially take office on January 20. The market generally expects that there will be some policy changes after he takes office, which may have an impact on BTC, but the specific direction and extent of the impact are still uncertain.
• Market cycle: Some analysts believe that the downward trend of Bitcoin at the end of 2024 may continue until 2025. Referring to historical patterns, there is a risk of continued decline, but once buyers enter the market, it is expected that Bitcoin will rebound after the New Year and regain the lost ground of $95,400.
• Regulatory policy: There is still uncertainty in the current regulatory policy of the Bitcoin market. If the United States introduces a supportive regulatory framework, it will play a crucial role in the performance of Bitcoin prices. However, if the regulatory policy becomes stricter, it may exert greater downward pressure on BTC prices.