#Bitcoin may consolidate#

The Bitcoin market is likely to enter a consolidation phase in the near term, driven by macroeconomic headwinds and global liquidity shifts. The Matrixport weekly report highlights that while ETF inflows remain steady, the Fed's hawkish stance may limit further upside for Bitcoin. The report suggests that Bitcoin's rally is more influenced by Fed policy than ETF launches. Technically, the "shooting star" candlestick pattern suggests that the intermediate-term uptrend may be nearing its end. With low implied volatility, options are seen as an effective risk management tool, allowing traders to capture upside potential through call options or protect gains with put options. Additionally, in the first week of 2025, Bitcoin prices fell from $102,000 to $91,000, and although they rebounded to $95,000, the weekly candle looks potentially bearish. Overall, macroeconomic challenges and the Fed's policy stance will continue to influence Bitcoin's trajectory, and investors should carefully monitor market developments and implement appropriate risk management measures.