QCP: The market is showing partial interest in Q3's bullish performance, and the expectation of unchanged interest rates is strengthening

BlockBeats news, on June 4th, QCP released today's market report, with unexpected job growth boosting risk sentiment and preparing for Friday's key non farm payroll data release. The S&P 500 index is gradually approaching the psychologically important threshold of 6000 points. Stable non farm employment data will consolidate the Federal Reserve's statement on labor market resilience and further strengthen expectations that interest rates will remain unchanged. In terms of trade, the market is maintaining a wait-and-see attitude in anticipation of the US China talks. The front-end volatility of Bitcoin has eased, and the spot price has stabilized around the familiar $105000; The implied volatility of one month has fallen below 40. Bitcoin continues to trade within the range, with light holdings, and normalization of skewness indicates insufficient directional beliefs. Since May, the volatility curve has flattened from the middle to the back, reflecting a similar decline in VIX, prompting opportunistic long volatility trading. It is worth noting that the $130000 call option was bought with a volatility of 47 on September, indicating partial interest in the third quarter call. Looking ahead, the third quarter may be more challenging. The impact of tariffs may begin to seep into macro data, while fiscal risks surrounding the Great Beauty Bill (BBB) and debt ceiling may bring headline news volatility. Without a clear catalyst, Bitcoin is unlikely to significantly break through the current range.