According to online reports, Matrixport's latest weekly report pointed out that the price of Bitcoin has risen to US$93,653, breaking through and running stably above the 21-week moving average. This is an important technical indicator to judge the market's long and short trend. The report believes that although the macro environment has not yet fully returned to normal, there are still opportunities for a moderate upward trend in the U.S. stock market, providing support for risky assets including Bitcoin. Bitcoin recently broke through the 23.6% Fibonacci retracement level of US$87,045, providing investors with a positive operating signal and can now be regarded as a reasonable stop loss for long positions. Although the summer market usually behaves as range-bound, Bitcoin still has upside potential, especially since the recent strong trend of gold has further strengthened the reason for allocating Bitcoin. The report emphasizes that global dollar asset holders are seeking to diversify their assets and reduce their dependence on the dollar, a process that is expected to last for several years.