Odaily Planet Daily News: Joe McCann, founder and CEO of the cryptocurrency investment firm Asymmetric, has taken a more pessimistic outlook on Bitcoin's market in the short term while maintaining a bullish stance in the long run. He stated that Bitcoin is facing short-term pressure due to macroeconomic changes and shifts in sentiment that continue to weigh on upward momentum. Despite reaching a historic high of over $108,000 in December last year, Bitcoin has seen a pullback influenced by a stronger dollar, increased volatility, and cautious positioning by traders. McCann pointed out that a series of market signals, including the Federal Reserve's hawkish press conference on December 18 and significant fluctuations in the volatility index (VIX), have shifted short-term probabilities toward a downward correction. He added, 'In a bull market, sometimes the weighted probabilities of outcomes tend to lean toward a decline, which, even if only for a few weeks, can create opportunities for generating alpha returns.' (Decrypt)

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