The ProShares UltraShort Bitcoin ETF (SBIT) closed down 1.84% at $11.20 on January 10, as Bitcoin surged 2.55% to $94,885.16, driven by a rare technical pattern and shifting market sentiment. Bitcoin's upward momentum was bolstered by fourteen consecutive green hourly candles, a streak not seen since 2017, capturing traders' attention. The anticipated policy shift with incoming SEC Chair Paul Atkins, expected to be more favorable towards the crypto industry, further fueled optimism. Additionally, easing selling pressure and predictions of a rebound linked to an increase in global M2 money supply contributed to Bitcoin's bullish sentiment. The release of stronger-than-expected U.S. employment data, showing 256,000 jobs added in December, initially pressured Bitcoin lower due to rising treasury yields and doubts about further Fed rate cuts. However, Bitcoin rebounded during European trading hours, supported by onchain data suggesting a buying opportunity as short-term investors sold at a loss.