QCP Capital: FOMC meeting may affect BTC spot price, but bull market is not over yet
According to Wu Shuo, QCP Capital analysis pointed out that if there is a hawkish surprise at the FOMC meeting on the 21st, it will have a bearish impact on the spot price of BTC. But the bull market is not over yet, we are in the midst of a broad liquidity rotation that will likely push BTC to new highs after the halving. However, given the amount of leverage that remains, the short-term correction is likely to be dramatic.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New York Federal Reserve Survey: Service Sector Price Increases Hit Fastest Pace Since 2022, Business Activity Index Drops to Lowest Since March
A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.
Raoul Pal Holds Bitcoin, Solana and Ethereum, but Calls One Wildly Undervalued
Ethos Technologies President Wang Lingke Reports Sale of $4.54 Million in Common Shares
Exclusive report - Boeing memorandum says sales chief McMullen will retire
Crypto prices
More
