QCP Capital: The market expects Trump's inauguration to boost optimism, and the current correction is only a short-term adjustment

[QCP Capital: The market expects that Trump’s inauguration will boost optimism, and the current correction is only a short-term adjustment] Golden Finance reported that QCP Capital’s latest analysis pointed out that due to the impact of US employment data exceeding expectations, Bitcoin fell back to the support level of $95,000. JOLTS job openings surged to 8.1 million, beating expectations of 7.74 million. Unexpected strength in the job market triggered risk aversion, and rising long-term bond yields led to a sell-off in risk assets. Bitcoin ETF inflows plunged 94% from $987 million to $52.9 million. Among them, BlackRock IBIT recorded significant inflows of $596 million, while ARK and 21Shares’ ARKB saw outflows of $213 million. QCP Capital believes that this week’s FOMC meeting and non-farm payrolls data will further affect Bitcoin trends. The market expects that Trump's inauguration will boost optimism, and the current pullback is only a short-term adjustment, laying the foundation for the next bull market rebound.