TechFlow reports, July 3, 10x Research published an analysis pointing out that better-than-expected US employment data initially caused Bitcoin price volatility, and ETF fund outflows also exacerbated selling pressure; however, active buying from long-term holders helped form price support for the market. Meanwhile, weaker employment data also caused the market's expectation for the next rate hike to be delayed from October 2026 to December, providing some support for Bitcoin's short-term trend.
10x Research added that historical data shows July has always been a month where Bitcoin performs relatively strongly, with an average gain of 9.1%, but the market usually enters a consolidation phase from August to September, and September may become the low point of this cycle. Bitcoin recently rebounded from $58,500 to $61,500, possibly providing new positioning opportunities for traders.
