QCP Capital says Bitcoin is still hovering near the lower end of its recent consolidation range, caught between weakening U.S. economic data and surging energy prices. July retail sales fell 0.6% month-on-month, preliminary consumer confidence dropped to 51.0, and weaker employment data has lowered market expectations for a Fed rate hike in September to about 30%. However, Brent crude remains near $89, and uncertainty in the Strait of Hormuz keeps energy inflation risks alive. BTC is currently holding around $63,000, with no significant breakdown yet, but the rebound lacks sustained momentum. One-week options implied volatility is around 26%, higher than the realized volatility of about 20%. The market will now focus on Wednesday's FOMC meeting minutes, as well as July's PCE data and the Jackson Hole symposium later this month. https://(wublock123.com)/news/btc-upside-limited-by-oil-despite-us-slow-growth-cutting-rate-hike-expectations-66655