Odaily Planet Daily News QCP Capital released a market analysis on July 5. The analysis pointed out that the spot price has stabilized, indicating that there is good support around US$54,000. Panic has also eased, with front-end volatility falling significantly from 65 to under 50 (BTC) and ETH’s volatility falling from 80 to 62. U.S. employment data showed downward revisions for both April and May. This confirms Powell's deflationary path and could lead to an earlier rate cut, with odds of a rate cut rising in both September and December.