[QCP: Potential Fed Rate Cuts and Corporate Earnings Resilience Expected to Support Risk Assets and Bitcoin Before Year-End] BlockBeats News, November 12, QCP released its daily market commentary stating: Bitcoin's price movement remains consistent with overall news-driven risk sentiment—after declining during U.S. trading hours, it stabilized around $103,000 during Asian trading hours. Although the U.S. government shutdown continues, there is now a clearer path to resolution. Yesterday's ADP data pullback reactivated the narrative of a "weakening labor market," a signal that is particularly noteworthy ahead of the December FOMC meeting (December 9–10). However, the release timing of official BLS data remains uncertain, which is awkward. The Senate has approved a "temporary funding bill," extending government funding until January 30 next year, providing a short-term fix for fiscal issues. The bill has now been submitted to the House of Representatives, and if passed, it will be sent to the White House for signing. While this measure can prevent administrative disruptions during the holiday season, it also sets the stage for another deadlock early next year. This is a typical "kick-the-can-down-the-road" policy: it temporarily eliminates tail risks but fails to truly address structural issues. The market will remain highly sensitive to procedural obstacles or delays in the House vote. According to Polymarket data, there is currently a 96% probability that the government shutdown will end between November 12 and 15. The uncertainty surrounding the government shutdown, tariff frictions, credit market volatility, and weakening economic data suggests that the fourth quarter may still experience episodic turbulence. However, the Fed's potential rate cut expectations and corporate earnings resilience are expected to support risk assets and Bitcoin before year-end. Looking ahead to 2026, the combination of monetary and fiscal policies remains favorable, providing sustained tailwinds for economic growth.