Woofun AI notes that Bitcoin price volatility was initially triggered by stronger-than-expected U.S. employment data, with ETF outflows intensifying selling pressure. Active buying by long-term holders helped establish price support, while weak employment data shifted expectations for the next interest rate hike from October 2026 to December.

10x Research stated that historical data shows July has consistently been a strong month for Bitcoin, with an average gain of 9.1%. The market typically enters a consolidation phase from August to September, with September potentially becoming the cycle low. Bitcoin's recent rebound from $58,500 to $61,500 may offer traders new positioning opportunities.