QCP Capital analysis suggests that one of the fastest declines in the US stock market may have passed, with JPMorgan and an increasing number of strategists telling their clients that improved market sentiment and historically favorable seasonal factors are working together. Boosted by Trump's tariff exemption remarks, BTC briefly broke through $88,000, and the market saw a short-term rebound. Although the second quarter is typically one of the strongest periods for risk assets, the options market remains cautious, with a bullish tilt expected to become more apparent in June. Investors are focusing on the quarterly options expiration this Friday and the upcoming PCE inflation data, which could be the next key catalyst.