QCP Capital: Bitcoin failed to return to the $99,000 resistance level, and market sentiment remains cautious

Odaily reported that QCP Capital posted on its official channel that Bitcoin was unable to regain the $99,000 resistance level last night, triggering a market sell-off, and Bitcoin fell back to a new low of $95,680. Due to three consecutive days of decline, the outlook for cryptocurrencies remains uncertain. The key event last night was the listing of BERA on Binance, with the token opening at a high of $15.50 and currently stabilizing around $7.6. BERA has attracted liquidity from other Altcoins. Furthermore, in the progress of Trump's deregulation of cryptocurrencies, the U.S. Securities and Exchange Commission is downsizing its cryptocurrency enforcement division. This move is expected to facilitate the establishment of a new cryptocurrency task force and build a more constructive relationship between the SEC and the industry. The FDIC is reviewing its bank guidance and may allow U.S. banks to engage in certain cryptocurrency activities, such as custody services and "tokenized deposits," without prior regulatory approval. The nonfarm payroll report will be released tonight, and market sentiment remains cautious. QCP continues to observe interest in the BTC 28FEB25 80K put option and the BTC 21FEB25 90K put option, reflecting the market's persistent caution, although the bias is bullish.