BIT Official: Bitcoin's Cycle Low Point Likely Won't Appear Until September
According to a report by Golden Finance, on July 1st, BIT Official released its daily chart analysis stating that, based on historical data, July is typically one of the stronger months for Bitcoin performance. However, the market often enters a consolidation phase lasting approximately two months afterward. Unlike last year, when the market was buoyed by optimistic expectations brought by the **GENIUS Act**, this summer lacks a similar level of catalyst. Given the current backdrop of persistently low trading volume and elevated downside risks, Bitcoin's short-term upside potential may be relatively limited. As a result, **selling upside calls** to generate additional income could become an attractive strategy. Furthermore, research conducted for BIT clients indicates that the next cycle low for Bitcoin may not appear until September. This assessment further supports the current investment approach, which should focus on **income generation** rather than betting on unilateral price movements, whether upward or downward (**directional exposure**).