📈 Daily Market Watch (Jan 6):

• Bitcoin Update: $BTC BTC is approaching the critical $100K mark again but faces significant selling pressure, similar to what was observed in December.

• Funding Rates: Unlike the December 5 breakout, funding rates remain stable, indicating a reduced likelihood of a short squeeze this time around.

• Catalysts: Potential market drivers, like Trump’s upcoming inauguration on January 20, are still weeks away, reducing immediate bullish catalysts.

• Volatility & Sentiment: Front-end volatility is subdued, and overall market sentiment remains neutral.

• Focus on U.S. Jobs Data:

• Jan 7: JOLTS Job Openings

• Jan 8: ADP Employment Report

• Jan 10: Non-Farm Payrolls

These reports will be closely watched to gauge economic health, which could impact market movements.

#bitcoin #BTC #CryptoMarket #MarketAnalysis