According to QCP (@QCPgroup), as the US market open approaches, traders are closely watching whether Bitcoin's current rally will sustain or fade upon confirmation. QCP maintains a cautiously constructive outlook but emphasizes that significant upside for BTC remains limited until there is a daily close above the $100,000 level. This insight highlights the importance of the $100K resistance as a critical psychological and technical barrier for traders considering long positions. Source: QCP (@QCPgroup), May 8, 2025.

According to QCP (@QCPgroup), recent analysis highlights significant Bitcoin ETF inflows, contributing to increased market volatility and providing new trading opportunities for crypto investors. The QCP report, published on May 8, 2025, details how institutional demand for Bitcoin via ETFs has supported price recovery above critical resistance levels. The analysis identifies key technical zones to watch, including support at $60,000 and resistance near $65,000, and notes heightened options activity reflecting traders positioning for further upside. QCP emphasizes that sustained ETF inflows could lead to continued bullish momentum, while a slowdown may trigger profit-taking and short-term corrections. These insights are crucial for traders seeking to capitalize on volatility and manage risk in the current crypto market environment (source: QCPgroup Twitter, May 8, 2025).