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

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TechFlow
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Sep 14, 2024

DeepTechFlow News: On September 14th, QCP Capital released its market analysis for the week. The debate between Trump and Harris became the focus of the week. Harris gained support from Taylor Swift, and Polymarket data shows her chances of winning slightly above 50%. CPI data met expectations (2.5%), but PPI was slightly below expectations (2.4%). The market maintains a 50/50 probability of a 25 or 50 basis point rate cut. $BTC ETF saw inflows, with Microstrategy increasing its $BTC holdings by 18,300 coins to a total of 244,800 coins. The options market saw a sudden resurgence of interest in ETH, with over 20 thousand contracts purchased.

Regarding trading recommendations, despite short-term uncertainties and potential pullbacks, QCP recommends locking in profits before the rate cut and being prepared for bullish scenarios.

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