Bitcoin Market Rebound Driven By Strategic Factors, Says 10x Research

According to Odaily, 10x Research has indicated in its latest analysis that the recent rebound in the Bitcoin market is strategic, with the $65,000 mark being crucial for on-paper profits. As anticipated, the FOMC meeting minutes and Federal Reserve Chair Jerome Powell's dovish stance have propelled Bitcoin's rebound, potentially leading to a short squeeze that elevated Bitcoin prices. However, despite the predicted 10% increase, these gains have now been fully reversed. As September approaches, significant risks are beginning to emerge.