On July 1, BIT Official released a daily chart analysis stating that, based on historical data, July is typically one of the stronger months for Bitcoin. However, the market often enters a consolidation phase lasting about two months afterward. Unlike last year, when the market was buoyed by optimistic expectations from the GENIUS Act, this summer lacks similar catalysts. In the context of persistently low trading volumes and high downside risks, Bitcoin's short-term upside potential may be relatively limited. Therefore, selling upside calls to generate additional income may become an attractive strategy. Furthermore, our research for BIT clients indicates that the next low in this cycle for Bitcoin may not occur until September. This assessment further supports the current investment approach of focusing on income generation rather than betting on unilateral price increases or decreases.
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BIT Official: Bitcoin's Next Cycle Low Likely to Occur in September
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