Matrixport: Phase pressure is accumulating, Bitcoin's reversal may continue

Odaily Planet Daily News Matrixport released a chart today saying that Bitcoin has fallen back to the $106,000-108,000 breakout range. In the latest issue of the Matrix onTarget report, we turned to a more conservative position, pointing out that this reincarnation may continue. Seasonal weakness has been shown since the end of July, and phased pressure is accumulating. U.S. employment data will be released this week, and Bitcoin is at a critical technical hurdle. If the price falls further, it may surprise most traders, but this risk cannot be ignored. Historical experience shows that interest rate cuts are often regarded as a positive for the crypto market, but they are often accompanied by twists and turns.