10x Research: Bitcoin "invisible triggers" quietly accumulating pressure, BTC may see a strong rebound.

10x Research indicates that an "invisible trigger" is quietly building pressure behind the scenes, which could lead to the most explosive recovery for Bitcoin (BTC). The institution noted on Monday (August 4) that while the market focuses on labor data and interest rate cuts, another force is quietly forming pressure behind the scenes. The research points out that this catalyst is often overlooked, but has the potential to reverse Bitcoin's fall.

Latest Report: BTC's Significant Rebound Reflects Last Year's Dynamics

(Source: 10x Research)

10x Research pointed out: "Key technical levels are merging with overlooked macro dynamics, providing potential setups for those who know where to look."

August has historically been the weakest month for market performance, with a decline of 5-20%. The report compares the current market conditions with the dynamics of last year. It states: "Bitcoin has currently corrected according to typical August seasonality, in line with the downward revision of the U.S. labor market data." It also adds that the economic situation may be more unstable than investors had anticipated.

Last year, after the Federal Reserve reacted to early signs of a cooling labor market, Bitcoin's weakness proved to be temporary. The Federal Reserve unexpectedly cut interest rates by 50 basis points in September 2024, providing long-term support for Bitcoin prices. This momentum gave Bitcoin another short-term boost.

Federal Reserve Rate Cut Expectations and Bitcoin Rebound

According to previous reports, the Federal Reserve maintained the interest rate at a level of 4.25%-4.5% last week, triggering a market sell-off. 10x Research noted: "We expect risk assets to further fall after the first rate cut in September." The agency added that once the rate cut is confirmed and publicly acknowledged by Federal Reserve officials, risk assets will rebound significantly.

Xapo Bank's investment chief Gadi Chait stated: "In recent years, Bitcoin has proven its ability to withstand turbulence caused by external factors, which is an encouraging sign of its growing maturity. We still firmly believe in Bitcoin's long-term potential and will not be swayed by short-term price fluctuations."

Conclusion:

The report from 10x Research reveals that an "invisible trigger" is accumulating pressure behind the Bitcoin market, indicating a potential sharp rebound. Although August has historically been a weak month for Bitcoin, the anticipated interest rate cuts by the Federal Reserve and the increasingly mature market performance of Bitcoin provide a solid foundation for its long-term prospects.