Bitcoin once again approaches the 100,000 mark. Will there be a pullback?

The cryptocurrency market over the weekend, aside from a significant surge in AI Agents, saw most other coins maintain a narrow range. Bitcoin hovered between $97,000 and $99,000, while Ethereum fluctuated in the $3,500 to $3,700 range. Bitcoin's market share showed signs of stopping its decline and slightly rebounding, indicating that the overall performance of altcoins is lagging behind Bitcoin.

Weekends usually experience lower market volatility. As European and American investors return to normal trading days, as long as Bitcoin does not fall below the previous low of $97,200 from last night, there is a possibility of challenging the $100,000 mark again in the short term. Currently at $99,400, it is indeed sprinting towards $100,000.

On the other hand, Ethereum (ETH) has shown a trend similar to Bitcoin in the past couple of days but appears to be slightly stronger. As of the time of writing, it stands at $3,648, still fluctuating in the consolidation range.

Looking ahead, the market is expected to start positively at the beginning of the year, followed by a breakthrough and stabilization at $100,000 before Trump takes office; however, before the Federal Reserve FOMC meeting on January 29, the market may experience another pullback.

This week, economic events to watch focus on the minutes from the Federal Reserve's December meeting and the non-farm payroll report for December to be released on Friday.

Although the market generally believes the dot plot from the December meeting conveyed hawkish signals, the meeting minutes will provide a clearer view of Federal Reserve officials' perspectives on the U.S. economic outlook and whether they believe the risks of an economic slowdown are rising. In particular, the Federal Reserve's assessment of inflation prospects and whether they believe inflationary pressures are easing. On the other hand, economists currently predict that the U.S. non-farm payrolls will add 154,000 jobs in December, slowing compared to the previous value of 227,000, while the unemployment rate is expected to remain at 4.2%.

From January 2024 to mid-November, Bitcoin's market share of the total cryptocurrency market surged from 50% to 60%, posing significant resistance to the performance of altcoins.

Direction is unclear, pay attention to the master. #币安MegadropSOLV