QCP: Market Turns Cautious as Bitcoin Consolidates in a Range

Odaily reported that QCP released a market observation stating that as geopolitical tailwinds fade, macro uncertainty is once again dominating market sentiment, with both traditional and crypto markets turning cautious. The report noted that the Federal Reserve's FOMC meeting and Powell's remarks could become key short-term variables; if they signal a hawkish stance, it may exert pressure on liquidity-driven assets.

QCP also stated that Bitcoin has been consolidating within a range following its April rally. With current light positioning and compressed volatility, the market appears to be awaiting a directional catalyst.