🎉Good news! QCP Capital analysts said in a report on Monday that from a seasonal perspective, Bitcoin has a median return of 9.6% in July and tends to rebound strongly, especially after a 9.85% drop in June. 🚀
🔍The report also added that Bitcoin options are preparing for an upward move as they entered the end-of-June expiration last Friday. Coinbase analysts David Duong and David Han also noticed the same historical seasonal trend.
📈Coinbase analysts said in their weekly report last Friday: "Positive seasonal factors and improved liquidity in July may support the market." They believe that positive seasonal factors may be related to July, because historically, Bitcoin and Ethereum seem to perform better in July than other months, especially after the sell-off in June.
🎯So, Bitcoin friends, let's look forward to the arrival of July together! 🎉