According to TechFlame, on July 28, Matrixport released today's chart saying, “A month ago, based on seasonal analysis against the trend, we proposed that Bitcoin is expected to rise to $116.000, and now this judgment has been verified by the market. Currently, market sentiment is gradually turning optimistic. This week will usher in multiple key events: intensive disclosure of US stock earnings reports, delayed release of the White House digital asset report, and the Federal Reserve's interest rate decision, which may

become a new round of catalysts for market fluctuations.

However, judging from historical data, August and September have always been relatively weak months for Bitcoin's performance. Over the past decade, the average return in August was close to zero, and only three years of growth were recorded. As a result, many traders often choose to lock in profits at this stage. Although we are still maintaining bullish expectations for the year, the market may face a period of tactical consolidation in the short term due to seasonal disturbances.

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