10x Research: The interest rate decision on August 1st and the CPI data on August 14th are crucial for the mid-term trend of BTC
10x Research posted on social media stating that, according to historical data analysis, Bitcoin's returns tend to flatten in August and decline in September. However, the positive factors of U.S. interest rate policy, declining interest rates and election schedules may buffer any downward pressure from unlocking $1 billion tokens in August. Bitcoin's dominance is creating new highs for this cycle and has had a significant impact.
They believe that Bitcoin is expected to eventually break through new highs, but it may need "macro" help. The Federal Reserve's interest rate decision on August 1st and the CPI report on August 14th will be crucial.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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