QCP Capital: Bitcoin is maintained below the concussion zone, market interest in Federal Reserve minutes

QCP Capital states that Bitcoin is still in the vicinity of the recent shock zone and that weak economic data in the United States is associated with high energy prices. Market expectations of the September interest rate hike for the Federal Reserve have fallen to about 30 per cent, but Brent crude oil is still close to $89, and uncertainty in the Strait of Hormuz perpetuates the risk of energy inflation. Bitcoin currently stands at approximately $63,000 and has not seen a significant break, but the rebound lacks a one-cycle, continuous kinetic power implied volatility of about 26 per cent, which is higher than the actual volatility of about 20 per cent. The market will follow up on the minutes of the FOMC meeting released on Wednesday and the annual PCE and Jackson Hole conference later this month in July。