ME News reports that on May 11 (UTC+8), CP Capital’s latest market report indicated that the market is entering a critical week, as Trump is set to meet with Chinese leaders in Beijing, while U.S. April CPI, PPI, and retail sales data are also due for release, with market participants closely watching for signs of renewed inflationary pressure. QCP noted that for the crypto market, the central question is whether slowing inflation can drive real interest rates lower, thereby continuing to support risk assets. Despite recent outflows from ETFs and market noise surrounding rumors of Strategy selling Bitcoin, BTC has remained firmly above $80,000, demonstrating overall resilience. Additionally, market attention continues to focus on the U.S. Senate Banking Committee’s review of the CLARITY Act. However, QCP believes that current crypto market volatility has approached its lowest level this year, with the VIX hovering around 18; in the short term, the market is likely to remain range-bound, with $84,000 viewed as a key resistance level. (Source: ODAILY)
QCP: BTC May Remain Range-Bound Amid Key Macroeconomic Window
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Summary
BTC price remains above $80,000 as QCP Capital highlights a pivotal week ahead with U.S. inflation data and the Trump-China summit in Beijing. Despite ETF outflows and reports of Bitcoin sales, BTC dominance shows minimal change amid low volatility. The Senate Banking Committee’s review of the CLARITY Act adds regulatory focus, with $84,000 viewed as a key resistance level for BTC price movement.
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