QCP: Market turns cautious and awaits, bitcoin remains range-bound

Odaily reported that QCP released a market observation stating that as geopolitical tailwinds fade, macro uncertainties once again dominate market sentiment, with both traditional and crypto markets turning cautious and adopting a wait-and-see approach. The report points out that the Federal Reserve's policy meeting and Powell's remarks may become key short-term variables; if a hawkish signal is released, it could put pressure on liquidity-driven assets.

QCP also indicated that Bitcoin has maintained a trading range following its rise in April, with light positions and compressed volatility, reflecting the market as a whole is waiting to choose a direction.