According to online reports, QCP Capital issued an article on the official channel saying that Bitcoin briefly pulled back after breaking through US$120,000 and gained support around US$114,000. The U.S. dollar index has fallen 10% during the year, driving strong performance of dollar-denominated assets, including U.S. stocks, gold and Bitcoin. Currently, the US dollar is already at risk of rebound. If the US dollar recovers rapidly, it may drive a simultaneous correction of risky assets. In addition, QCP maintains a structurally bullish view on BTC, believing that a correction to US$110,000 will form a more solid support. ETH also performed strongly, boosted by continued increases in holdings by companies.