QCP: BTC breaks $122,000, tomorrow's CPI data may determine whether it can hit a historical peak.

ChainCatcher news, QCP Asia stated in its research report that under the influence of the US stock market correlation, BTC strongly rebounded to $122,000, recovering all the fall from last week; ETH rose 21% simultaneously, breaking through $4300, reaching a new high since 2021. The market is focused on the US CPI data to be released tomorrow. If inflation slows down, it may strengthen expectations for a Fed rate cut in September, potentially driving crypto assets to break through key resistance levels. QCP Asia points out that despite strong bullish sentiment, traders are still hedging against downside risks. Institutional funds and spot ETF demand will be key variables in whether BTC can continue to reach new highs.

BTC0.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
FaFaBavip
· 3h ago
冲就完了💪
Reply0
FaFaBavip
· 3h ago
Quick, enter a position! 🚗
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)