News, Wu Says learned that QCP stated in its latest market report that BTC briefly broke the $58k support on Wednesday, hitting a low near $57.7k, before rebounding above $60k due to lower-than-expected nonfarm 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, with short-end volatility declining and call options dominating July flows. However, QCP warned that wage growth and unemployment data still leave the Fed with hawkish room, and the macro market has not fully confirmed this rebound, so investors should remain cautious.