Matrixport： Bitcoin has fallen below the upward expansion wedge, alert to the downside risk of low trading volume

Matrixport stated that the price of Bitcoin has fallen below the upward expansion wedge pattern, which typically indicates downside risk unless the price can quickly rebound and return to the wedge. There is a high possibility of further decline in Bitcoin, especially since this drop occurred during a period of sluggish trading, with limited demand for buying on dips. The report emphasizes that although there is still room for Bitcoin prices to rise in the second half of 2025, this technical breakthrough has led to a cautious market sentiment. Meanwhile, Ethereum also fell below the critical support range of $2600 to $2800, further exacerbating market concerns.