QCP Capital: It is expected that Federal Reserve Chairman Powell will remain cautious and rely on data

ChainCatcher news, QCP Capital stated on its official channel that the CPI increase exceeded expectations, and the core CPI also rose, leading to market expectations that the Federal Reserve's first rate cut will be delayed until December, triggering a sell-off. Bitcoin dropped from $96,500 to $94,000, with $163 million in long positions being liquidated, but then rebounded to $98,000, a gain of 4.4%.

In the options market, recently expiring call options are actively traded, especially those with strike prices between $97,000 and $100,000. The market is paying attention to Trump's reaction to the CPI and its impact on Federal Reserve policy. Powell is expected to remain cautious and adhere to data-driven rate cut decisions. Overall, the buy-the-dip strategy has performed well amid market volatility, and investors need to closely monitor the Federal Reserve's policy direction and changes in market sentiment.