How will Bitcoin change in the next three months, what should we pay attention to?

QCP, one of the leading analytics companies in the crypto market, has released its market report today. While the surprisingly strong employment data has increased risk appetite, all attention is focused on the important non-farm payroll data that will be released on Friday. While the upward trend of the US stock market is attracting attention, the S&P 500 index is gradually approaching the 6,000-point mark, an important psychological threshold. According to the analyst firm, stable non-farm payrolls data will strengthen the Fed's view on the resilience of the labor market and raise expectations that interest rates will remain stable. According to QCP's analysis, on the trade front, the market is focused on the upcoming negotiations between the United States and China. This cautious wait is also reflected in the cryptocurrency market. While Bitcoin's short-term volatility has decreased, the spot price is trading sideways in the $105,000 range. The implied volatility in one month has fallen below 40%. Bitcoin continues to trade within a narrow price range, while low open interest and normalized standard deviation indicate that the crypto market is hesitant about its direction. Since May, the volatility curve has flattened out, especially in the medium and long term. This situation is parallel to the decline of the VIX index and causes some investors to hold long volatility positions. In particular, the purchase of September call options worth $130,000 with a volatility of 47 percent indicates a partial expectation of an increase in the third quarter. According to QCP, the third quarter may be more difficult. While the impact of customs duties is expected to be reflected in macroeconomic data, the uncertainty surrounding the financial package known as "Big Beautiful Bill (BBB)" and the debt ceiling may cause volatility.