According to reports from Wu, QCP analysis points out that U.S. job vacancy data unexpectedly rose, boosting risk asset sentiment, with the S&P 500 approaching 6,000 points. If this Friday's non-farm data is solid, it will strengthen expectations for the Fed to 'maintain interest rates unchanged.'
Bitcoin spot is consolidating around $105,000, with the one-month implied volatility dropping below 40%. BTC is likely to continue maintaining a range-bound pattern in the short term. Some investors are starting to position for Q3 upside risks, with September $130,000 call options trading at a 47% volatility.
The third quarter may face trade tariff impacts, 'BBB Act' and debt ceiling fiscal uncertainties, which could trigger market volatility.
