PANews reported on January 6 that according to QCP Asia analysis, the price of Bitcoin is gradually approaching the key resistance level of $100,000 this week. This price level encountered strong selling pressure in December 2024. When approaching this level this time, the market funding rate remained healthy, and there was no situation similar to the breakthrough on December 5 when the funding rate soared to more than 60%.
The market is currently low in volatility, sentiment is neutral, and there is a lack of significant catalysts for cryptocurrencies in the short term. In addition, news related to Trump is expected to emerge only after his inauguration on January 20.
This week, the market will focus on US employment data, especially the non-farm payrolls report (NFP) on January 10. The JOLTS job openings data and ADP employment data to be released on the 7th and 8th will help the market further form expectations.
