As soon as the nonfarm payrolls data was released, BTC immediately had a V-shaped reversal, but QCP said the Fed could still be hawkish, so don't rush to FOMO.

Wu said that QCP stated in its latest market report that BTC briefly broke below the $58k support on Wednesday, hitting a low near $57.7k, before rebounding above $60k due to lower-than-expected non-farm payroll data; ETH performed relatively stronger, returning to around $1,700, rebounding nearly 10% from its mid-week low.
QCP noted that the options market has quickly digested the panic, short-term volatility has declined, and call options dominate July capital flows.
However, QCP warned that wage growth and unemployment data still leave room for the Fed to maintain a hawkish stance, and the macro market has not fully confirmed this rebound, so investors still need to remain cautious.