QCP Capital: If the non-farm data next week is weaker than expected, there will be more reason to cut interest rates and the market will remain range-bound

QCP Capital posted on its official channel that if the non-farm payrolls next week are weaker than expected, it will confirm the reason for the US to cut interest rates starting in September. The current probability of a rate cut is 33.0% (25 basis points) and 67% (50 basis points). Given that recent macro news has little impact on the cryptocurrency market, QCP Capital believes that BTC may remain range-bound between $58,000 and $65,000 in the short term as the market waits for a positive catalyst to break through this range.