QCP: $95,000 call options are actively traded, awaiting a catalyst event to break through $100,000

ChainCatcher news, QCP Capital analysis pointed out that President Trump suspended his criticism of Federal Reserve Chairman Powell this week and promised to significantly reduce the high tariffs on Chinese goods by 145%, leading to a warming market sentiment. Bitcoin responded by rising, reaching as high as $94,500 during the day, marking its fifth consecutive day of gains, and briefly surpassing Google's parent company Alphabet to become the fifth largest asset in the world.

Institutions continue to increase their positions, further solidifying Bitcoin's market capitalization status. The $95,000 call options are actively traded, indicating that the market is betting on further upward movement. Current market sentiment is overheated, and in the short term, it may fluctuate in the range of $90,000 to $94,500, waiting for a catalytic event to break through $100,000.