The Texas Bitcoin Strategic Reserve proposal has finally been passed and officially becomes law, marking an important shift in the attitude of U.S. states towards digital asset policies. More states are expected to follow suit with similar Bitcoin asset reserve legislation in the future.

However, from a timing perspective, this progress has limited impact on the current market. Strategic reserves belong to long-term favorable policies, which are difficult to change market trends in the short term. Analyzing from the time point, the market experienced an adjustment period in June after retreating from its peak, and then entered an accelerated downward channel, all of which are consistent with previous expectations.

Based on the current market performance and historical patterns, August may present a favorable price low, providing investors with strategic accumulation opportunities. The market is currently in a crucial adjustment phase, and investors should closely monitor subsequent developments.