[QCP: Market Turns to Cautious Observation, Bitcoin Maintains Range-Bound Fluctuation] Odaily Planet Daily News - QCP released a market observation report stating that as the geopolitical tailwinds fade, macro uncertainties have once again taken the lead in driving market sentiment. Both traditional and crypto markets have shifted to a cautious observation stance. The report highlights that the Federal Reserve's interest rate meeting and Powell's statements could become key short-term variables. If a hawkish signal is conveyed, it may exert pressure on liquidity-driven assets. QCP also noted that after Bitcoin's rise in April, it has been maintaining range-bound fluctuations. Current positions are relatively light, and volatility is compressed, reflecting that the market as a whole is in a phase of waiting for directional clarity.