QCP Capital: Milder CPI data could be the catalyst to break out of current range
On July 11, QCP Capital posted on its official channel that "the release of CPI data tonight has attracted widespread attention. The market expects the probability of the Federal Reserve cutting interest rates in September to be 70%. This optimism has been reflected in the continued rise of US stocks, but has not yet been reflected in the crypto market.
The milder CPI data may be a catalyst to break the current range, especially with the support of Ethereum spot ETF trading that may be launched next week. We believe there is a compelling risk-reward opportunity in the upside through digital options."