QCP Capital: The situation in the Middle East dragged down Bitcoin's short-term pullback, and a rebound opportunity is expected to come

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Wu Blockchain
2 days ago
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QCP Capital's latest report pointed out that although the tension in the Middle East caused a brief correction in Bitcoin, with the price of Bitcoin falling to 59,972, this weakness is expected to be only temporary. Due to the high correlation between cryptocurrencies and US stocks, as US stocks recover, the cryptocurrency market is also expected to rebound. QCP emphasized that the US non-farm payrolls report will be a key factor. If the report shows a strong labor market and combined with market expectations of interest rate cuts, it may bring upside opportunities for risky assets.

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