According to @KobeissiLetter, the bull case for Bitcoin (BTC) is strengthening due to several key macro-economic factors. The US Dollar Index (DXY) has fallen to its lowest level since February 2022, a development described by Bitwise as bullish for Bitcoin. Additionally, a strong positive correlation of 0.80 has been observed between BTC and Nvidia (NVDA) shares, which recently hit a record high. Despite these bullish signals, analysis from NYDIG Research highlights that Bitcoin's volatility has continued to trend lower. This low-volatility environment makes options trading, including both call options for upside exposure and put options for downside protection, 'relatively inexpensive.' This presents a cost-effective opportunity for traders to position for directional moves ahead of potential market-moving catalysts in July.