According to QCP (@QCPgroup), the next phase for Bitcoin could involve either a volatility shock that reconnects BTC with broader risk proxies or a stronger Taiwan Dollar (TWD) that accelerates US trade diplomacy. The analysis highlights that in an environment where traditional correlations are breaking down, foreign exchange (FX) market movements, especially involving TWD, could serve as early indicators for macroeconomic shifts impacting crypto prices. Traders should closely monitor FX trends for actionable signals, as these could precede significant moves in major cryptocurrencies like Bitcoin (Source: QCPgroup, May 6, 2025).