[QCP: BTC Rebounds After Dropping Below $58,000, Fund Flows and Volatility Indicate Signs of Short-Term Stabilization] Deep Tide TechFlow reports that on July 3, QCP released its latest report stating that Bitcoin briefly fell below the $58,000 support level, reaching as low as around $57,700. It then rebounded above $60,000 following weaker-than-expected U.S. non-farm payroll data. Ethereum similarly rebounded to $1,700, recovering nearly 10% from its mid-week low. In the options market, front-end implied volatility has retreated from previous highs, and the term structure has returned to a positive spread, indicating a reduction in market panic. However, short-term demand for downside protection remains. On the macroeconomic front, despite non-farm payroll data falling short of expectations, wage growth, declining unemployment rates, and resilient consumer spending provide the Federal Reserve with room to maintain a hawkish stance. The market has postponed rate hike expectations from September to December, but cross-asset performance in U.S. Treasuries and equities has yet to support a clear policy shift. Regarding fund flows, Bitcoin spot ETFs recorded a net inflow of $224 million on Thursday after six consecutive days of net outflows, signaling a recovery in demand for dip-buying allocations. Against the backdrop of thin liquidity ahead of the U.S. holiday and long weekend, QCP expects short-term volatility to maintain a two-way dynamic trend.