The latest report from QCP Capital reveals the critical impact of the U.S. election on the cryptocurrency market. With momentum traders re-leveraging and the scale of corporate buybacks expanding, the stock market is showing an upward trend, which could spread to the cryptocurrency market and further push up the price of Bitcoin. It is noteworthy that the U.S. election has become a focal point for the market. The Bitcoin options market showed a clear bearish sentiment before the election, and the volatility spread reached six percentage points after the election. In this political game, the positions of the Republican and Democratic parties have also influenced market dynamics, particularly regarding regulatory attitudes towards cryptocurrencies. Given the potential volatility and election risks in the market, QCP Capital recommends that investors adopt a defensive strategy in the third quarter, focusing on investment opportunities with high returns and limited downside risk. This advice aims to help investors maintain a steady position during uncertain times while seizing potential market opportunities.