PANews reported on June 6 that Matrixport pointed out that despite the recent weakening of Bitcoin price trends, its trend model still maintains a bullish stance. It will only turn bearish if Bitcoin falls below $96,719.

In addition, Matrixport believes that the chain reaction of tariff policies may exacerbate the deterioration of economic data and have an impact on market sentiment. In the current environment, it may be difficult for Bitcoin to maintain a sustained rise, and the Federal Reserve is unlikely to take interest rate cuts in the short term.