QCP: The market has turned cautious and is observing, while Bitcoin maintains range-bound fluctuations

QCP released a market observation stating that as geopolitical benefits fade, macro uncertainty is once again dominating market sentiment, leading both traditional markets and the crypto market to adopt a cautious wait-and-see approach. The report points out that the Federal Reserve's interest rate meeting and Powell's statements may become key variables in the short term; if hawkish signals are released, it could put pressure on liquidity-driven assets.

QCP also noted that Bitcoin has maintained a range-bound fluctuation after rising in April, with current positions being light and volatility compressed, reflecting that the market as a whole is in a stage of waiting for directional choice.