QCP: If BTC breaks through the resistance level of $110000, it may trigger a new round of buying

Odaily Planet Daily News: QCP Capital has released an analysis report stating that as Trump's long-awaited cryptocurrency bill is finally signed into effect, Bitcoin prices have remained stable over the long holiday weekend and rebounded to an intraday high of $109700 in the illiquid trading window on Sunday, setting a historical high for a single week's closing price. Despite the market's unease over the sudden reactivation of eight wallets that had been dormant for 14 years, the price of Bitcoin remained firm. Analysis suggests that volatility is still near historical lows, but if Bitcoin breaks through the resistance level of $110000, it may trigger a new round of buying. Some large institutions seem to be preparing for this, continuing to increase their holdings of $130000 call options in September while firmly holding the price difference of $115000/140000 call options in September, highlighting the structural bullish outlook for the third quarter.