QCP: The potential for a Federal Reserve rate cut and corporate earnings performance should support the trend of risk assets and Bitcoin until the end of the year

QCP released a briefing analysis, stating that the U.S. Senate has approved a temporary funding bill that extends government funding until January 30, alleviating the immediate shutdown crisis. The bill now needs to pass the House of Representatives and be signed by the President. The market reacted cautiously to this "kick the can down the road" solution, with Bitcoin stabilizing around $103,000 after a decline during U.S. trading hours.

Meanwhile, weak ADP employment data has reignited concerns about a "softening labor market," and the NFIB small business index shows a decline in business sales expectations. Analysts expect that despite potential volatility in the fourth quarter, the prospect of a Federal Reserve rate cut and corporate earnings performance should support risk assets and Bitcoin trends through the end of the year.