QCP：BTC fell below 80000 USD, with the market focused on the Federal Reserve decision and technology giants’ earnings reports
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QCP said that BTC fell below 80000 USD, with the market focused on the Federal Reserve meeting, technology giants’ earnings reports, and ETF fund flows.
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QCP：BTC fell below 80000 USD, with the market focused on the Federal Reserve decision and technology giants’ earnings reports
BlockBeats reported that October 26，QCP Capital stated in today’s market report that, affected by news about the situation in the Middle East and outflows from spot Bitcoin ETF funds,BTC fell below 80000 USD over the weekend, triggering liquidations of leveraged long positions. Currently,BTC has retreated to the bottom of its recent trading range, and the market is awaiting October 27 to 28’s Federal Reserve interest-rate meeting.QCP believes that Microsoft and Google parent Alphabet will release earnings on Wednesday U.S. time, while Amazon will report results on Thursday. The results will become a key market variable. If the earnings reports can demonstrate that AI’s massive capital expenditures are justified, technology stocks may see a valuation recovery; otherwise, selling pressure in AI trades may intensify further. In addition, the approximately 2%decline in oil prices has also become another important factor affecting the market.
On the macroeconomic front, the Federal Reserve is expected to keep interest rates unchanged, but the market’s implied probability of a December rate hike has approached 84%; Chair Warsh’s press conference is being closely watched. The U.S. 10-year Treasury yield is currently about 4.96%, below the recent high of nearly 5.3%in the 1-year range.QCP’s key levels are:BTC support at 78000 USD, resistance at 86000 USD；ETH support at 2150 USD, resistance at 2500 USD. Meanwhile,ETH spot ETF has recorded outflows for 4 consecutive weeks.
Original link https://m.theblockbeats.info/flash/373738
Key points
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BlockBeats, on October 26 relayed QCP Capital today’s market report.
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QCP Capital stated that BTC fell below 80000 USD over the weekend, triggering liquidations of leveraged long positions.
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QCP Capital identified news about the situation in the Middle East and spot Bitcoin ETF fund outflows as contributing factors.
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QCP Capital stated that the market is awaiting October 27 to 28’s Federal Reserve interest-rate meeting.
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QCP said that Microsoft and Alphabet will release earnings on Wednesday U.S. time, while Amazon will report results on Thursday.
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reported that oil prices fell by approximately 2%。
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reported that the market’s implied probability of a December rate hike has approached 84%。
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reported that the U.S. 10-year Treasury yield is about 4.96%, below the recent high of nearly 5.3%in the 1-year range.
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QCP’s stated BTC support is 78000 USD, and resistance is 86000 USD；ETH support is 2150 USD, and resistance is 2500 USD。
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reported that ETH spot ETF has recorded outflows for 4 consecutive weeks.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a relay of a market report. The core information is that after BTC fell below 80000 USD, it was at the bottom of the recent trading range described by QCP, while the Federal Reserve meeting, earnings reports from Microsoft, Alphabet, and Amazon, oil prices, and the BTC and ETH spot ETF fund flows are being watched. The support and resistance levels in the article are observation price levels provided by QCP and do not mean that prices will necessarily bottom or reverse at those levels.
Why it matters to readers
The report listed the Federal Reserve decision, technology companies’ earnings reports, and ETF fund flows as potential market variables.QCP believes that if the earnings reports can demonstrate that AI’s massive capital expenditures are justified, technology stocks may see a valuation recovery; otherwise, selling pressure in AI trades may intensify.
Beginners should distinguish between market descriptions of events that have occurred and institutional judgments:BTC falling below 80000 USD, and the outflows described in the report are reported content; support levels, resistance levels, and the potential market moves resulting from earnings reports are ETF’s analysis, not certain outcomes.QCP
Risks and unknowns
The content was relayed by BlockBeats from a QCP Capital report; the full report or original market data was not provided for verification.
BTC The causal relationship between the decline and news about the situation in the Middle East and spot ETF fund outflows is merely QCP’s attribution.
Related Developments
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Whether the Federal Reserve will keep interest rates unchanged, whether December will raise rates, and the related market probabilities have not yet been confirmed by the outcome.
The impact of technology giants’ earnings reports on technology stocks and AI trades constitutes a forward-looking scenario assessment.
The prices, yields, oil-price decline,ETF fund flows, and key levels in the article were not accompanied by data sources or calculation methods.
The identity of Chair Warsh and the press conference arrangements cannot be further confirmed based solely on this article.
Related concepts
Spot ETF
Directly holds the underlying assets, with its fund units corresponding to the actual assets held in custody ETF。
