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Analysis: August and September are usually months when Bitcoin performs poorly, and Bitcoin may enter a strategic consolidation period this week.
PANews, July 28 news, Matrixport analysis pointed out that a month ago, based on contrarian seasonal analysis, it was predicted that Bitcoin would rise to $116,000, and this judgment has now been validated by the market. Current market sentiment is gradually turning optimistic, with multiple key events this week, including a busy schedule of U.S. earnings reports, the delayed release of the White House's digital asset report, and the Federal Reserve's interest rate decision, which may become new catalysts for market volatility. However, historical data shows that August and September are typically weak months for Bitcoin, with the average return in August close to zero over the past decade, and only three years have recorded a rise. Analysts believe that many traders tend to lock in profits during this stage, and although bullish expectations for the year remain, the short-term market may enter a tactical consolidation phase due to seasonal disruptions.