[QCP Latest Analysis: BTC Key Level at $87,200, ETH Needs to Hold $2,725, FOMC Meeting to Be Main Market Catalyst] Odaily Planet Daily News: QCP stated in an official channel post that the macro narrative has completely reversed within three weeks: from 'October rate hike' to 'October rate hike expectations completely ruled out, with the Federal Reserve staying put.' Non-farm payrolls in September plummeted to just 29,000, far below the expected 84,000; the unemployment rate rose to 4.2%; and year-over-year wage growth slowed to 3.0%, the lowest level since May 2021. The three-month average for non-farm payrolls dropped to 50,700, about one-third of the growth rate from the same period last year. This dovish employment data supports the Fed pausing rate hikes in October, but due to supply and term premium factors outweighing growth signals, the 10-year U.S. Treasury yield stubbornly remains at 5.25%. The probability of an October rate hike has dropped to 22%. Bitcoin rebounded to $86,700 after encountering resistance at $87,100 on Friday, indicating that bottom-fishing demand still exists. Weekend liquidation volumes were modest at $62.7 million, with 68% coming from short positions. BTC needs to effectively hold above $87,200 to confirm the next phase of its upward trend. Ethereum is holding the $2,725 level within the $2,650–$2,800 range, with the current outlook remaining cautiously optimistic. The FOMC meeting minutes on Wednesday will be the main catalyst—markets will interpret whether hawkish dissent stems from a firm stance or a compromise. TOKEN2049, held in Singapore from Thursday to Friday, could trigger volatility. Attention should also be paid to the October 14 CPI data, which will be the first test of whether the trend of declining inflation can continue.