QCP Capital: There will still be continued selling pressure in the next few days. It is recommended to pay attention to the trend of Nasdaq, Nikkei Index and USD/JPY

QCP Capital's latest report points out that despite the incredible market turmoil on Monday, assets have rebounded sharply, and traditional financial markets have felt the normalization of cryptocurrencies for the first time. Although the initial shock has passed, it is expected to face continued selling pressure in the next few days, and systematic funds will continue to reduce holdings in response to increased volatility. QCP Capital recommends paying attention to the trends of the Nasdaq, Nikkei Index and USD/JPY, as cross-asset correlations remain at a high level in the short term; the Federal Reserve is unlikely to make emergency rate cuts in September and October to avoid exacerbating market panic. In terms of trading advice, as the acute phase of market volatility ends, it is recommended to establish long-term bullish positions in anticipation of the arrival of a rate cut cycle; it is more inclined to choose a trading time frame of 3 to 6 months to prevent losses due to high volatility.