CoinVoice recently learned that QCP published a market analysis, stating that Bitcoin has had a positive start this week, with prices approaching the $100,000 mark again, but it may face significant selling pressure, as this level had previously experienced considerable selling pressure in December. Bitcoin first broke through this critical level on December 5, when funding fees soared.
However, this time the funding fees remain at a healthy level, and we do not expect a large-scale short squeeze in the short term. Unlike before, considering that the relevant catalysts related to Trump may only emerge after his inauguration on January 20, it is unlikely that similar market-driving factors will appear at this time. Front-end volatility remains relatively mild, and overall market sentiment leans towards neutral.
Due to the lack of cryptocurrency-specific catalysts recently, the market will focus on the U.S. non-farm payroll report for January, which is due this Friday (January 10). However, expectations regarding the non-farm payroll report on Friday will be further confirmed this week through the JOLTS job openings data on January 7 and the ADP employment data on January 8. [Original link]
