QCP Capital identifies $78K BTC support ahead of FOMC and Big Tech earnings

BTC has dropped below 80000 美元, placing the October 27-28 Federal Open Market Committee meeting and upcoming earnings from major tech companies in focus, according to QCP Capital. The decline follows geopolitical tensions in the Middle East and spot ETF outflows, leading to liquidations of long futures positions. QCP Capital noted that earnings from Microsoft, Alphabet, and Amazon could influence AI-related asset valuations, with strong results potentially supporting continued AI investment, while weaker signals might prolong corrections in AI-linked stocks. The market anticipates the October FOMC will maintain current rates, with an 84% probability of a rate hike in December. QCP Capital has set BTC's key support and resistance levels at 78000 美元 and 86000 美元, respectively, and for ETH at 2150 美元 and 2500 美元.

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