PANews reported on January 10 that Matrixport's weekly report pointed out that macroeconomic negatives and changes in global liquidity may cause Bitcoin to enter a consolidation phase. Although ETF fund inflows are stable, the Fed's hawkish stance may limit further increases.
The report believes that the rise of Bitcoin is more affected by the Fed's policy than the launch of ETFs. The technical side shows that the "shooting star" candlestick pattern indicates that the medium-term upward trend may be coming to an end.
Options are seen as an effective risk management tool when implied volatility is low. Traders can capture upside opportunities with call options or protect gains with put options.
