QCP Capital: If non-farm payrolls are weaker than expected next week, there will be more sufficient reasons for a rate cut. The market is waiting for positive signals to seek a breakthrough

QCP Capital stated in its official channel that if the non-farm employment data next week is weaker than expected, it will confirm the reason for the US to start cutting interest rates since September. The current probability of rate cuts is 33.0% (25 basis points) and 67% (50 basis points).

Given that recent macro news has had little impact on the cryptocurrency market, QCP Capital believes that BTC may maintain a range fluctuation between $58,000 and $65,000 in the short term as the market awaits a positive catalyst to break through this range.