Matrixport: Bitcoin Breaks Short-term Downtrend as New Funds Drive Continued Upward Momentum

According to a report by Jinse Finance, Matrixport's daily chart analysis states, "Bitcoin has broken through its short-term downtrend, showing a bullish breakout signal from a consolidation triangle, a pattern usually associated with trend continuation. Although we initially expected a relatively calm summer, the strength of this rise indicates new funds are chasing the rally, and tariff-related concerns are gradually fading. Even if this week's CPI data is expected to bring some upward pressure, it is unlikely to interrupt the current upward momentum. Meanwhile, market expectations for a rate cut this year are also decreasing, with only one rate cut currently predicted, as the U.S. economy is performing more resiliently than expected. As long as Bitcoin's price remains above $105,075, the overall upward trend remains valid."