QCP Capital says the macro narrative over the past three weeks has quickly shifted from 'October rate hike' to 'Fed holding steady.' September's non-farm payrolls increased by just 29,000, falling short of the expected 84,000, with the unemployment rate rising to 4.2% and year-over-year wage growth slowing to 3.0%. This has pushed the probability of an October rate hike down to 22%. However, the 10-year U.S. Treasury yield remains around 5.25%. In the crypto market, BTC has rebounded to around $86,700. QCP believes it needs to firmly break above $87,200 to confirm the next leg up. Meanwhile, ETH continues to fluctuate within the $2,650–$2,800 range. Next, the market will focus on Wednesday's FOMC meeting minutes and the October 14 CPI data. https://www.(wublock123.com)/news/qcp-capital-fed-rate-cut-probability-22-btc-must-hold-87200-69540