QCP stated that BTC saw a clear rebound in early July, consistent with seasonal performance; historically, after a weak June, BTC's average gain in July is 7.5%, making it one of the stronger months. QCP pointed out that the US nonfarm payrolls added only 57k in June, about half of market expectations, and the Fed faces multiple challenges of a weakening labor market, sticky inflation, and Washington's pressure for loosening. The crypto market still remains resilient, with implied volatility declining and put skew easing; if BTC effectively retakes $64k this week, it will help improve market sentiment and alleviate some uncertainty surrounding Strategy.