QCP Capital: If next week's non-farm payroll data is weaker than expected, the case for interest rate cuts will be more compelling

ChainCatcher message, QCP Capital stated in an official channel that if next week's non-farm payroll data is weaker than expected, it will confirm the rationale for the U.S. to start cutting interest rates in September. Currently, the probability of a rate cut is 33.0% (25 basis points) and 67% (50 basis points).

Given that recent macro news has had little impact on the cryptocurrency market, QCP Capital believes that BTC may maintain a range fluctuation between $58,000 and $65,000 in the short term, as the market is waiting for a positive catalyst to break through this range.