QCP: Geopolitical Easing Boosts Risk Assets, but Strategy Pressure Still Weighs on Bitcoin

According to QCP Market Colour, as the US and Iran signed a memorandum of understanding and signaled the reopening of the Strait of Hormuz, the market experienced a clearer geopolitical environment this week, providing support for risk assets. US stock futures rose to break through historical highs, while crude oil prices fell below $75. QCP noted that on the macro level, attention should still be paid to the guidance from the Fed's dot plot for a short-term restrictive policy path. In the crypto market, BTC remains stuck below $66,000, with concerns related to Strategy's financing needs continuing to dampen market sentiment, preventing Bitcoin from following the broader rebound in risk assets for now.