Bitcoin achieved an intraday HIGH of 101,933 USD, marking a significant achievement. Despite this milestone, significant resistance exists at 100,000 USD due to previous selling pressures, as noted by QCP Capital. The market lacks immediate catalysts, which shifts investment focus towards broader economic factors.

QCP Capital emphasized the market’s stability, with current funding rates showing steadiness, unlike previous spikes past 60%. Volatility is restrained and the options market reflects a neutral sentiment. This suggests a balanced outlook for Bitcoin during this period without any immediate reasons for extreme market Movement.

Investment focus has now shifted towards upcoming U.S. Economic data. The Nonfarm Payroll report due on January 10 stands out, alongside JOLTS and ADP employment metrics. These reports will shape market expectations, underscoring the importance of macroeconomic indicators in driving immediate market sentiment.