QCP: BTC reclaims above $71k, ceasefire boosts sentiment but risks remain

DeepFlowTech · 2026-04-08T10:17:34+00:00

The QCP Capital report says that the US and Iran have agreed to a two-week conditional ceasefire in the Strait of Hormuz, pushing BTC back up to $71,000. Despite the ceasefire, Iran launched attacks on Saudi Arabia before the truce, and energy risks remain. The US jobs market is weak, and the upcoming CPI data will have an important impact on Federal Reserve policy. In recent times, BTC front-end implied volatility has narrowed, and the market is focused on key technical levels.

DeepFlowTech

2026-04-08 10:17:34

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Deep Tide TechFlow message, April 08, QCP Capital’s report and analysis indicated that the U.S. and Iran reached a two-week conditional ceasefire agreement over the issue of passage through the Strait of Hormuz; BTC immediately returned to above $71,000, equities rose, and Brent crude oil briefly fell back to the low end of $90.

A few hours before the ceasefire, Iran had already launched missile strikes on Saudi Arabia’s Jubail petrochemical base, and the risk of disruptions to energy infrastructure has not yet dissipated. On the macro front, the U.S. added 178,000 people in March nonfarm payrolls, but the labor market overall remains somewhat weak; together with energy inflation pressures, this week’s CPI data will become a key reference for the Federal Reserve’s policy direction.

In the options market, BTC’s front-end implied volatility narrowed, but put options are still in high demand; whether the $74,000 level can effectively break through is a key technical level in the near term. The market currently is pricing in downgrade expectations rather than certainty; the Fed meeting minutes, CPI, and progress in the diplomatic talks on Friday will be the core catalysts for testing whether the rebound can sustain.

BTC4,57%

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