QCP Asia Analysis: Bitcoin consolidates and oscillates as the market adopts a defensive posture ahead of the Las Vegas conference.

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PANews, May 27 - According to QCP Asia analysis, last Friday’s macro favourable information failed to significantly boost Bitcoin, despite a strong rebound in US stocks. Institutional demand for spot ETF continues to provide stable support for the market, with BTC oscillating in the range of $107,000 to $110,000. As the Bitcoin conference in Las Vegas approaches from May 27 to 29, the short-term implied volatility remains high, with the market focusing on speakers including JD Vance, Michael Saylor, Donald Trump Jr., and Eric Trump. Historically, similar events have triggered significant fluctuations, and the current market position is leaning towards defense, with strong short-term downside protection demand.

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SaniaCryptoStaRvip
· 05-27 09:14
Bull Run 🐂
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