QCP Capital: milder CPI data could be a catalyst to break the current range
On July 11, QCP Capital posted on its official channel, "Tonight's CPI data release has attracted widespread attention. The market expects a 70% probability of a Fed rate cut in September. This optimism has been reflected in the continued rise of U.S. stocks, but not yet in the crypto market.
The milder CPI data could be a catalyst for a break from the current range, especially with the support of a spot ETF trade in Ether that could be forthcoming next week. We see a compelling risk-reward opportunity on the upside via digital options."
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