Analysis: Active buying by long-term holders has helped BTC form short-term support, but caution is still warranted regarding potential cycle lows.
Svmuu News: 10x Research published an analysis noting that stronger-than-expected U.S. employment data caused temporary price volatility in Bitcoin,and ETF outflows also intensified selling pressure. However, active buying by long-term holders helped establish price support, while the weak jobs data pushed back expectations for the next interest rate hike from October 2026 to December, providing some support for Bitcoin’s short-term performance.10x Research added that historical data shows July has consistently been a strong month for Bitcoin, with an average gain of 9.1%, but the market typically enters a volatile phase from August to September, and September could mark the low point of this cycle, Bitcoin The recent rebound from $58,500 to $61,500 may be presenting traders with new entry opportunities.
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