QCP released a market watchlist stating that as geopolitical gains fade, macroeconomic uncertainty has once again dominated market sentiment, with both traditional and crypto markets adopting a cautious wait-and-see approach. The report points out that the Federal Reserve's interest rate decision and Powell's remarks may be key short-term variables; a hawkish signal could put pressure on liquidity-driven assets. QCP also notes that Bitcoin has maintained range-bound trading after its April rally, with current positions being relatively light and volatility compressed, reflecting the market's overall wait-and-see phase before a directional move.