HASH benefits from the resonance between a macro bull market and market trends, and is expected to attract capital inflows as well as valuation correction in the short term, with prices possibly testing the $0.86~$1.05 range. However, restricted by overall liquidity divergence and increased volatility, there are risks to chasing rallies in the short term. It is recommended that investors focus on accumulating on dips and selectively participate in structural opportunities, while monitoring HASH's ecosystem development and the progress of real-world applications to assess its medium- to long-term value realization capacity, thereby optimizing portfolio allocation and risk exposure.

Recently, leading institutions have emphasized that the market has entered the late phase of the bull market, with macro and industry factors working in tandem to inject momentum into mainstream tokens. Under the trend investing philosophy, following the trend becomes the dominant strategy—actively accumulating potential assets during the bull market phase is likely to yield considerable returns. As an emerging public chain project, HASH may become one of the targets for trend-following capital allocation, with short-term price action possibly displaying capital chasing and valuation correction patterns amid industry-wide capital resonance.

Liquid Capital founder Yi Lihua emphasized the importance of trend investing, stating that one should buy in a bull market and sell in a bear market. He noted that it's impossible to buy at the lowest or sell at the highest points. Yi highlighted that their approach is simply to share their understanding and operations without competing with others, and that profits or losses are determined by the market, alongside personal growth and connections made during the process.

Yi Lihua: Stick to trend investing, winning or losing is determined by the market.

Liquid Capital founder Yi Lihua stated that respected investors like Buffett profit from value and trends, not speculation. He affirmed that 2024 is set to be a bull market due to macro and industry factors beyond individual control. Short sellers are making a final effort but face losses—exiting early means small losses, exiting late means large losses. After a month of market volatility, optimism will prevail while pessimists lag behind.

Yi Lihua: Trend is better than speculation, the bull market is set, bears face "small losses early, big losses late."

The Asian crypto market has strengthened, and ongoing price increases in mainstream tokens have activated market sentiment. In the options data, call buying demand has risen notably, while the expansion of bullish straddle strategies and open interest reflects short-term bets on volatility. These developments, combined with signals of market trend improvement, indicate that buying power is gradually accumulating. Against this backdrop, HASH's short-term trading volume and implied volatility may climb simultaneously, but investors should also be cautious of structural volatility risks when chasing rallies.

QCP's market analysis on January 5 highlights a strengthening crypto market in Asia, with Bitcoin and Ethereum surpassing $92,000 and $3,100 respectively, driven by US actions in Venezuela, year-end tax-loss trading, and rising crypto legislation expectations. Speculation about Venezuela holding significant "shadow Bitcoin reserves" and using USDT in oil trades could make it a major sovereign BTC holder. Options data show a bullish shift, with increased call options and straddle strategies indicating short covering and bets on upward volatility.

QCP: Venezuela Situation and Options Funding Resonance Strengthen Bullish Expectations in the Crypto Market

CryptoQuant analyst Darkfrost noted on January 4 that the cryptocurrency market is beginning to improve, urging caution against dismissing this trend prematurely. While more data is needed for definitive conclusions, some trend changes are starting to emerge, making this a critical time to pay close attention.

Analysis: The crypto market is beginning to improve, with some trend changes gradually becoming apparent.

Recent research shows that short-term liquidity in the crypto market remains weak, with high concentration and serious divergence in trading volume. In a low-liquidity environment, small-cap assets are prone to large price slippage and sell-off spikes, posing challenges for short-term trading. While seeking short-term opportunities, investors should also focus on evaluating the project's medium- to long-term value realization and ecosystem development. If HASH can continue to enhance network activity and the depth of cross-chain applications, it will help improve secondary market depth and mitigate liquidity risks.

Provenance Blockchain

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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