It is important to take a look at such evaluations in order to look at the markets from different perspectives. At the time of writing, BTC is testing $76,400 and has broken its daily bottom as the hours progressed. Following the volatility experienced over the weekend, news about the upcoming Fed meeting and the stalled negotiations are affecting sentiment. So how do QCP Capital analysts evaluate the current situation?
QCP cryptocurrency review
US-Iran talks failed to take place over the last weekend. The shooting attack at the White House Correspondents’ Dinner once again reminded investors of the risks associated with US politics. BTC, which recovered at the Asian market opening, weakened after the news that Araghchi came to Russia to meet with President Putin, and fell to support as the tone of the statements became harsher.
“Despite the volatility in headlines, BTC remains up over 14% this month, with a total spot price of approximately $2.11 billion ETF It is supported by the fact that its inflows continued for nine consecutive sessions.
Strategy also continued its accumulation, adding more than $3.8 billion BTC in April alone.
“The overall pattern remains positive, but confirmation is essential.”
What is this confirmation? Analysts will decide whether this move will be a bull trap or a more permanent recovery based on the reaction at $82,000.
“at CME There is a gap around this level, making this a key area to watch for directional confirmation.
The positioning also leaves room for jamming. BTC perpetual funding rates have remained negative over the past week, with implied volatility continuing to decline and risk reversals easing the downward trend. “Notable flows in BTC 25SEP26 90k call options indicate a gradual return to the upside position.”
The coming days are important
Five of the Magnificent Seven will announce their first quarter earnings reports this week. Also, the Fed meeting and PCE report also this week. So, since volatility is certain and the direction of the Iranian agenda is constantly changing, when we combine all these, we can say that it is possible to see major movements in both directions. We don’t expect to see anything in favor of cryptocurrencies on the macro front, but earnings reports could fuel sentiment because last week’s reports were above expectations.
“FOMC While the meeting is expected to be largely quiet, the earnings will be the first meaningful test of risk appetite for the US technology sector since tensions around Iran escalated. If market sentiment continues, BTC may still have a credible path to recovery. “Otherwise, the 82,000 level may once again emerge as a resistance level rather than a springboard.”
