QCP Capital: FOMC meeting may affect BTC spot price, but bull market is not over yet
According to Wu Shuo, QCP Capital analysis pointed out that if there is a hawkish surprise at the FOMC meeting on the 21st, it will have a bearish impact on the spot price of BTC. But the bull market is not over yet, we are in the midst of a broad liquidity rotation that will likely push BTC to new highs after the halving. However, given the amount of leverage that remains, the short-term correction is likely to be dramatic.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Circle newly minted 500 millions USDC
Spot gold returns to $4,200
Data: AWE rises over 22%, SKY rises over 9%
BNB Chain: Zero-fee transfer promotion for USDC and USD1 extended until December 31
Crypto prices
More
