QCP Capital: It is recommended to lock in gains before the rate cut and prepare for a bullish scenario

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ChainCatcher news, QCP Capital released this week's market analysis, Trump and Harris debate became the focus of this week, Harris won Taylor Swift's support, Polymarket data showed that her chances of winning were slightly higher than 50%; CPI data was in line with expectations (2.5%), but PPI was slightly lower than expected (2.4%), the market's probability of a 25 or 50 basis point rate cut remained at 50/50; BTC ETF showed capital inflows, Microstrategy increased its holdings of 18,300 BTC, a total of 244,800. The options market's interest in ETH suddenly revived, with more than 20k contracts purchased.

In terms of trading recommendations, despite the uncertainty and potential pullback in the short term, QCP still recommends locking in gains before the rate cut and preparing for a bullish scenario.

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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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