QCP: Market Enters Key Macro Window, BTC May Maintain Range-Bound Oscillation in Short Term

Odaily Odaily reports that CP Capital’s latest market report indicates the market is entering a critical week. Trump and the Chinese leader are set to meet in Beijing, while the US will release April CPI, PPI, and retail sales data. The market is watching for signs of a rebound in inflation.

QCP stated that for the crypto market, the core issue is whether slowing inflation can drive real interest rates lower, thereby continuing to support risk assets. Despite recent ETF outflows and market turbulence surrounding rumors of Strategy selling Bitcoin, BTC has remained stable above the $80,000 mark, demonstrating overall resilience.

Furthermore, the US Senate Banking Committee’s review of the CLARITY Act continues to draw market attention. However, QCP believes that current crypto market volatility is near its yearly lows, with the VIX hovering around 18. In the short term, the market is likely to remain range-bound, with $84,000 identified as a key resistance level.