SvmuuNews, CP Capital's latest market report indicates that the market is entering a crucial week, with Trump and the Chinese leader set to meet in Beijing, while the US April CPI, PPI, and retail sales data will also be released. The market is watching whether inflation will rise again.
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 disruptions surrounding rumors of Strategy selling Bitcoin, BTC remains stable above the $80,000 mark, showing overall resilience.
Additionally, the US Senate Banking Committee's review of the CLARITY Act continues to garner market attention. However, QCP believes that current crypto market volatility is near its yearly lows, with the VIX remaining around 18. In the short term, the market is likely to trade in a range-bound pattern, identifying $84,000 as a key resistance level.
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QCP: Market Enters Key Macro Window, BTC May Maintain Range-Bound Trading in the Short Term
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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