Currently, BIDEN is experiencing short-term selling pressure relief and signs of market sentiment recovery, with an increase in value-driven buying and short sellers facing a squeeze. The options market is also signaling expectations of upward volatility. Strategically, it is advisable to dynamically position around the key resistance at 1.08 and volume breakout. Remain cautious about increasing positions before the trend is effectively confirmed, and patiently wait for clear bullish volume and structural breakout signals to avoid early drawdown risks.

Recently, selling pressure in the Bitcoin market has eased as short-term holders' cost basis exceeds current prices. This logic is similarly reflected in capital flows tracking major digital assets. Active trading during the Asia-Pacific session and expectations of Federal Reserve policies have brought year-end tax loss harvesting and subsequent repurchasing, boosting overall risk appetite. As a small- to mid-cap token, BIDEN benefits from linkage advantages during market stability, and short-term sentiment has shown resilience due to limited selling pressure.

CryptoQuant analyst Axel notes that Bitcoin's current rise benefits from reduced selling pressure by short-term holders, who are currently at a loss since BTC trades below their average acquisition cost. This limits their profit-taking potential and suppresses sell pressure, explaining price resilience despite pullbacks. However, if BTC reaches $100,000, short-term holders may break even and start selling, creating price pressure. A key bullish signal is BTC closing above the short-term holders' realized price.

Analyst: The current BTC rise benefits from reduced selling pressure; if it reaches $100K, it will face selling from short-term holders.

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

With combined macro and industry tailwinds, value-driven investors who are bullish on digital assets in the long run are gradually building positions, while short sellers remain under pressure. Short-term exits indicate a narrowing window for loss control, exposing speculative shorts to greater risk of margin calls if not closed promptly. In this context, BIDEN is poised to attract more value-oriented buying, lending support to its medium- and long-term prospects.

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."

Derivative data shows significant increases in bullish option and straddle strategy volumes, indicating enhanced market expectations for upside volatility. In the short term, as broader market volatility intensifies, liquid small- and mid-cap tokens like BIDEN may see opportunities for breakout rebounds. Traders should monitor key resistance levels and volume breakouts to capture swing trading opportunities.

Although the market is showing early signs of improvement, current data cannot confirm a clear bullish bias. No definitive breakout or divergence has appeared in candlestick patterns, so investors are advised to remain patient and monitor larger time frame convergence/divergence and accompanying volume. Consider scaling in only after the trend becomes clear to avoid unnecessary early risk.

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.

Biden Coin

Fed Pumps $8.26B Into Markets Overnight, Is Something Bigger Unfolding?

Federal Reserve's Logan should not imply easing policy guidance.

The Federal Reserve's Kashkari and Harker stated that the conflict has changed the interest rate outlook, and maintaining an accommodative stance is no longer appropriate.

Global news you need to know before the US stock market opens on Friday.

Fed's Hammack: Uncertainty around economy, policy path has risen

Two Federal Reserve officials said they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut.

Fed's Kashkari: Large enough price shock could require series of rate hikes

BoE's Pill: Should act more promptly in response to new inflation pressure

Kashkari: Previously thought inflation might decrease, but this year it is necessary to cut interest rates again.

Hamac: Inflation pressure is widespread, energy drives prices higher

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