Matrixport: Bitcoin breaks short-term downward trend, new capital influx drives continued upward momentum

BlockBeats news, on June 10th, Matrixport released a daily chart analysis stating that "Bitcoin has broken through its short-term downward trend, showing signals of a bullish breakout from the consolidation triangle, which is a pattern typically associated with trend continuation. Although we initially expected a relatively calm summer this year, the strength of this uptrend indicates that new funds are chasing after it, and concerns about tariffs are gradually subsiding. Even if this week's CPI data is expected to bring some upward pressure, it is unlikely to interrupt the current upward trend. At the same time, market expectations for interest rate cuts this year are also decreasing, with only one rate cut predicted at present, as the US economy is performing more resilient than expected. As long as the price of Bitcoin remains above $105075, the overall upward trend will still be valid