PANews reports on June 6 that Matrixport points out that despite the recent weakening of Bitcoin's price trend, its trend model still maintains a bullish stance. Only when Bitcoin falls below $96,719 will it turn bearish.
Additionally, Matrixport believes that the chain reaction of tariff policies may exacerbate economic data deterioration and impact market sentiment. Under the current environment, Bitcoin may find it difficult to maintain a continuous upward trend, and the Federal Reserve is unlikely to take interest rate cuts in the short term.
