Analysis: In the past decade, Bitcoin has only risen in August for three years, possibly due to seasonal disruptions entering a consolidation period.

On July 28, Matrixport published an analysis stating, "A month ago, based on counter-seasonal analysis, we suggested that Bitcoin was expected to rise to $116,000, and this judgment has now been validated by the market. Current market sentiment is gradually turning optimistic, and this week will see multiple key events: a concentrated release of US stock earnings reports, a delay in the White House's digital asset report, and the Fed's interest rate decision, which may become a new catalyst for market fluctuation. However, historical data shows that August and September have traditionally been months of relatively weak performance for Bitcoin. Over the past decade, the average return for August has been close to zero, with only three years recording a rise. Therefore, many traders often choose to lock in profits during this phase. Although we maintain a bullish outlook for the year, considering seasonal disruptions, the market may face a period of tactical consolidation in the short term."