【QCP Capital: After Bitcoin's strong breakthrough, the market will focus on the US non-farm payrolls report this Friday】 on October 30, QCP Capital posted on its official channel that "Bitcoin's price action has been remarkable in the past few days, breaking through $73,000. Strong inflows into spot ETFs, a new round of monetary easing cycles in major economies, and the rising likelihood of victory for cryptocurrency-friendly U.S. presidential candidate Donald Trump are all positive catalysts.With key states such as Nevada and Pennsylvania likely to influence the outcome of the election, Trump appears to be gaining traction in the polls. Next week will usher in the final results of the presidential campaign.The focus this week is Friday's non-farm payrolls report, a key indicator of the health of the U.S. job market, with a consensus market expectation of about 110,000, about half of the previous figure. As the last major data release before the Fed's meeting next Friday, the report is expected to lock in the market's bets on the Fed's next move. Currently, the probability of a 25 basis point rate cut in November is 96.5%, and the probability of another 25 basis point cut in December is 2.5%. 75%. In addition, this week also includes earnings releases from Alphabet, Apple, Meta, Amazon and Microsoft. The average earnings growth for each stock is expected to be about 19-20%, but this will mark the slowest growth in six quarters. Although the impact on the stock market remains uncertain, these releases will be a key indicator for monitoring broader market sentiment. ”