PANews June 10 news, according to Matrixport analysis, Bitcoin has broken out of the short-term downward trend and formed a bullish breakout pattern. The current price has broken out of the consolidation triangle, indicating that the trend may continue. Although the market was expected to be relatively quiet in the summer, the strong performance of this breakout shows that new funds are driving the rally, while tariff-related concerns are gradually fading. Even if this week's CPI data may bring some upward pressure, it will be difficult to stop the current upward momentum. The market's expectations for interest rate cuts this year have also been reduced, and only one rate cut is currently predicted as the US economy performs better than expected. As long as the price of Bitcoin remains above $105,075, the bullish trend remains valid.
Analysis: Bullish trend remains valid as long as Bitcoin remains above $105,075
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Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
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