QCP Capital: If next week's non-agricultural data is weaker than expected, the reason for interest rate cuts will be more sufficient, and the market will maintain range volatility
2024-08-31 04:52:31
Qcp capital official channel issued a statement saying that if next week is not good agricultural employmentdesk3cryptocurrencydesktopCrypto News
QCP Capital posted on the official channel that if the non-farm payrolls data next week is weaker than expected, it will confirm the reason for the US interest rate cut since September. The current rate cut probability is 33.0% (25 basis points) and 67% (50 basis points). Given that the recent macro news has little impact on the cryptocurrency market, QCP Capital believes that BTC may maintain range volatility between $58,000 and $65,000 in the short term, as the market is waiting for a positive catalyst to break through this range.
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