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

CycleProphet · 2026-04-08T10:18:35+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.

CycleProphet

2026-04-08 10:18:35

Abstract generation in progress

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

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

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

BTC2,93%

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