Matrixport: Bitcoin may experience a phased cooling down
According to online reports, Matrixport released a research report saying that Bitcoin prices are approaching the upward boundary, and technical indicators show that the market may enter a consolidation period in the next 1-2 months. The RSI has exceeded 70 and entered the overbought area, and many reversal signals have shown signs of falling back. The report recommends moderately locking in earnings and points out that the range of $106,000-$108,000 is the key support level, with $122,000 as the next reasonable target level. The core CPI of the United States only rose slightly to 2.9%, lower than expected. The Federal Reserve may not directly cut interest rates in July but may release an expected management signal.
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