Matrixport: U.S. employment data will be released this week, and Bitcoin is at a critical technical hurdle

According to ChainCatcher, Matrixport released today's chart, "Bitcoin has fallen back to the $106,000-$108,000 breakthrough range. In the latest MatrixonTarget report, we turned to a more conservative stance, pointing out that this round of correction may continue. Seasonal weakness has emerged 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 threshold. If prices fall further, it may surprise most traders, but this risk cannot be ignored. Historical experience shows that interest rate cuts are often seen as a positive for the crypto market, but often accompanied by twists and turns."