ChainCatcher news, Daniel Yan, founder and CIO of Kryptanium Capital and co-founder of Matrixport, stated that the market has recovered from its lows over the past week, with BTC and SOL consolidating at key technical levels. While he believes there is potential for a market breakout, he also cautioned that the current situation is similar to early June, when BTC attempted to break through the critical level of 71500, but strong NFP data led to a significant market decline.Yan is overall bullish for the third quarter, expecting liquidity conditions to improve and the Mt Gox incident to become a thing of the past. However, he remains cautious about the upcoming NFP data, believing that a similar market pattern may emerge. Additionally, the June CPI inflation data will be a key indicator to watch, with the Cleveland Fed expecting the June data to be decent but having a poor outlook for July data. He expressed concerns about seasonal fluctuations in energy prices, believing that rebounds in oil and gas prices will impact inflation data.Yan suggested paying attention to Powell's speech at the European Central Bank tonight to understand his views on the current macroeconomic situation.

ChainCatcher news, Singaporean crypto investment firm QCP Capital stated that the cryptocurrency market is facing some pressure for the following reasons:NFP data surprised the market: As expectations for interest rate cuts in July and September have weakened, U.S. Treasury yields have risen to recent highs;Macron calls for rapid elections in France: Due to increasing geopolitical risks in the EU, the EURUSD exchange rate has declined, which has strengthened the dollar and led to a general risk-averse sentiment;The market is in a risk-averse mode ahead of tomorrow's CPI and FOMC meetings. This month's FOMC meeting will also release the Dot Plot, informing the market how many interest rate cuts the Federal Reserve expects for the remainder of 2024;Yesterday, $64 million flowed out of BTC ETFs, possibly because traders are reducing risk ahead of tomorrow's events.QCP Capital believes that despite short-term resistance, this may be a good opportunity to accumulate cryptocurrencies. Potential positive events in the future, such as the eventual launch of the ETH spot ETF and the verbal arms race between Biden and Trump to win crypto votes, are worth looking forward to.They suggest buying BTC spot when the price is below $74,000 at a 13% discount ($58,000).