QCP Capital: Bitcoin fails to return to the resistance level of $99,000, and market sentiment remains cautious.

QCP Capital stated on its official channel that Bitcoin failed to return to the resistance level of 99 thousand last night, triggering a market sell-off, with Bitcoin falling back to a new low of 95,680 dollars. After three consecutive days of decline, the outlook for cryptocurrencies remains uncertain. A key event last night was Binance listing $BERA, which opened at a high of 15.50 dollars and is currently stabilizing around 7.6 dollars, attracting liquidity from other altcoins. Furthermore, amid progress on Trump's deregulation of cryptocurrencies, the U.S. Securities and Exchange Commission is scaling back its crypto enforcement division. This move is expected to foster the establishment of a new crypto working group and create a more constructive relationship between the SEC and the industry. The FDIC is reviewing its banking guidelines, which may allow U.S. banks to engage in certain crypto activities, such as custody services and "tokenized deposits," without prior approval from regulators. The non-farm payroll report is set to be released tonight, and market sentiment remains cautious. QCP continues to observe interest in $BTC 28FEB25 80K put options and $BTC 21FEB25 90K put options, reflecting the market's ongoing cautious attitude, despite a tendency towards bullishness.