[QCP Capital: Tonight's CPI Data And Tomorrow's PPI Data Will Be Key Risk Events This Week, Pay Attention To Bitcoin's $60,000 Support Level] Singapore Crypto Investment Institution QCP Capital Wrote: "Yesterday's Fed Minutes Revealed A More Hawkish Stance, Calling Into Question The Fed's Victory In Fighting Inflation. Combined With Last Friday's Strong Employment Data, The Market Raised Expectations For A 25 Basis Point Rate Cut In November From 67.9% Last Week To 83.7%. Tonight's Consumer Price Index (CPI) And Tomorrow's Producer Price Index (PPI) Data Will Be Key Risk Events This Week. Coupled With The Earnings Reports Of Major Banks (such As JPMorgan Chase JPM, Wells Fargo WFC), These Data Are Crucial To Assessing The Strength Of The US Economy Against The Backdrop Of Cooling Inflation. Although US Stock Indexes Rose Last Night And The S&P 500 Hit A New High, The Cryptocurrency Market Did Not Show The Same Optimism, And Selling Pressure Emerged Again, Possibly Due To The News Of Silk Road Bitcoin Selling And PlusToken Ethereum Selling. As Long As The Key Support Level Of 60,000 Remains Unbroken, We Remain Optimistic About The 'Uptober' (October Rally). Given That The Market Expects More Rate Cuts In The Future, We Tend To Lock In Profits At These Depressed Spot Levels And Prepare For The Year-end Rally."