QCP released a market analysis, Bitcoin had a positive start this week, with prices approaching the $100,000 mark again, but may face huge selling pressure, a level that saw a large sell-off in December. The first time Bitcoin broke through this key level was on December 5, when funding fees soared. However, this time funding fees remain at a healthy level and we do not expect a large-scale short squeeze in the short term. Unlike before, given that Trump's related catalysts may not appear until after his inauguration on January 20, similar market drivers are unlikely to appear at this time. Front-end volatility remains relatively mild and overall market sentiment is neutral.
With no cryptocurrency-specific catalysts in the near term, the market will focus on the US January non-farm payrolls report this Friday (January 10). However, expectations for Friday's non-farm payrolls report will be further confirmed this week through the JOLTS job openings data on January 7 and the ADP employment data on January 8.