QCP: Bitcoin's $80,000 support is fragile and the market is facing macro pressure
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QCP Capital analysis, Bitcoin is currently supported at $80,000, but dynamic trading and arbitrage trading liquidation are still ongoing, and market sentiment remains weak. On the macro front, the FOMC meeting is expected to keep interest rates unchanged, but the market is focusing on whether the Fed will release dovish signals. In addition, Trump may announce a new round of tariffs on April 2, which will be the biggest short-term uncertainty for risk assets. QCP believes that it is difficult to find positive factors to drive a market rebound in the short term, and the current strategy still tends to be a capital protection-type yield strategy to cope with potential downside market risks.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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