QCP analysis points out that BTC is holding steady in the $80K high range. Improved risk sentiment has pushed the market to raise the probability of a December rate cut to 85%. However, inflation remains high, and labor data is weakening. Upcoming unemployment claims and ADP data will further test macro expectations. Crypto fund flows are also weak, with ETFs continuing net outflows and most products below 1 mNAV. Towards the end of the year, BTC faces significant downward hedging pressure, with supply-side factors potentially limiting price exploration toward $90K. Meanwhile, the $80K–$82K range remains a key support zone. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52553