QCP Capital analysis pointed out that President Trump paused his criticism of Federal Reserve Chairman Powell this week and pledged to significantly reduce the 145% high tariffs on Chinese goods, leading to a recovery in market sentiment. Bitcoin responded with a price increase, rising to $94,500 intraday, marking its fifth consecutive day of gains, and briefly surpassing Alphabet, Google's parent company, to become the world's fifth-largest asset. Institutional investors continue to increase their positions, further consolidating Bitcoin's market capitalization status. Trading in $95,000 call options is active, indicating market bets on further upside. The current market sentiment is overheated, with a short-term expected consolidation between $90,000 and $94,500, awaiting a catalyst event to break through the $100,000 mark.

QCP Capital analysis points out that President Trump paused his criticism of Federal Reserve Chairman Powell this week and committed to significantly reducing the 145% high tariff on Chinese goods, leading to a rebound in market sentiment. Bitcoin responded with a rise, reaching as high as $94,500 during the day, marking its fifth consecutive day of gains, and briefly surpassing Google parent company Alphabet to become the world's fifth-largest asset. Institutions continue to increase their positions, further consolidating Bitcoin's market capitalization status. The $95,000 call options are actively traded, indicating market bets on further upside. Currently, market sentiment is overheated, with short-term fluctuations expected between $90,000 and $94,500, awaiting a catalyst event to break through the $100,000 mark.

QCP Capital: Bitcoin is expected to fluctuate in the short term between $90,000 and $94,500, awaiting a catalytic event to break through the $100,000 mark.