QCP has revealed the Best Strategy for Today in Bitcoin! - Coin Bulletin

Analysts have revealed what is the best strategy to follow as Bitcoin (BTC) and cryptocurrency prices remain uncertain.

QCP Capital stated in its latest market assessment that ahead of today's US inflation data (CPI), the best strategy for Bitcoin and cryptocurrencies is to take out downside protection for those still in long positions.

QCP Capital**, stated that Bitcoin has shown weak performance compared to traditional assets and investors are cautious about the cryptocurrency market. The company highlighted that low liquidity and large-scale liquidations are suppressing Bitcoin's upside potential.

While traditional markets continue to search for clear direction, recent remarks by Federal Reserve (Fed) Chairman Jerome Powell have indicated that rate cuts may be slower than expected in 2025. However, despite these hawkish tones, the US dollar index failed to make the expected rise (DXY)**. QCP Capital thinks that investors are already longing on the dollar, and the market is pricing in it to a large extent. Therefore, possible positive developments may lead to the unwinding of long positions, increasing the orientation towards risky assets.

Selling Pressure May Continue for Bitcoin

According to the QCP Capital report, Bitcoin continues to lag behind stocks and gold. The increasing number of new cryptocurrency listings in recent weeks has fragmented market liquidity, making price movements more fragile. The large-scale liquidations last week caused many investors to exit the market.

The company stated that monitoring institutional investor flows and protecting against potential declines would be the best choice for investors who are holding long positions.

Especially in the Bitcoin options market, put (put) options are still relatively cheap, giving investors affordable insurance against the risk of a decline. QCP Capital warns of caution in this volatile environment.