According to TechFlow, on October 5, QCP Capital's latest analysis pointed out that the escalation of the conflict between Iran and Israel in the fourth quarter triggered volatility in risky assets, and the market expected that Israel might retaliate against key infrastructure such as Iran's nuclear facilities or oil facilities. The US non-farm payrolls data exceeded expectations, showing that the labor market is still strong. This data, coupled with the expectation of a possible interest rate cut at the end of the year, pushed Bitcoin to briefly break through $62,000. The activity in the options market continued to rise, and the demand for December call options increased, reflecting the market's optimism about the end of the year.

Although Bitcoin has fallen about 5% from its high last week, QCP Capital is still optimistic about the "Uptober" trend. However, considering that geopolitical risks are still the biggest hidden danger before the US election, QCP Capital recommends that investors lock in profits at the current price and wait for the situation to become clear before preparing for a possible rise at the end of the year.