BIT Official: Positive News Fuels Bitcoin's Seasonal July Rally

According to a report by Jinse Finance, on July 7, BIT Official released its daily chart analysis, stating that positive news is driving Bitcoin's seasonal upward momentum in July. Bitcoin started July with a steady trend, consistent with its historically strong seasonal performance. Positive remarks from President Trump—including statements that the United States is 'leading the cryptocurrency sector' and holds a dominant position—have boosted market sentiment. Investors are also focusing on the 'CLARITY Act,' which must be passed before the Senate begins its summer recess on August 7. In addition, the White House announced that it is developing a framework for a 'Strategic Bitcoin Reserve' and a broader cryptocurrency reserve plan. Despite the improved market backdrop, Bitcoin faces initial resistance at $65,955.