QCP: If BTC breaks through the $110,000 resistance level, it may trigger a new round of buying

Planet News: QCP Capital released an analysis report indicating that as Trump's long-awaited cryptocurrency bill was finally signed into effect, Bitcoin's price remained stable during the long holiday weekend and rebounded to an intraday high of $109,700 during Sunday's illiquid trading window, creating a record high weekly closing price. Despite market unease about the sudden reactivation of eight dormant wallets for 14 years, Bitcoin's price remained resilient. Analysis suggests that volatility remains near historical lows, but if Bitcoin breaks through the $110,000 resistance level, it could trigger a new round of buying. Some large institutions seem to be preparing for this, continuing to increase their September $130,000 call options while maintaining a firm hold on the September $115,000-$140,000 call option spread, highlighting a bullish structural outlook for the third quarter.