Analysis: As long as Bitcoin remains above $105075, the bullish trend remains valid

According to Matrixport analysis, Bitcoin has broken through the short-term downward trend and formed a bullish breakout pattern. The current price has broken through the consolidation triangle, indicating that the trend may continue. Although it was previously expected that the summer market would be relatively calm, the strong performance of this breakthrough indicates that new funds are driving the upward trend, while tariff related concerns are gradually weakening. Even though this week's CPI data may bring some upward pressure, it is difficult to stop the current upward momentum. The market's expectations for interest rate cuts this year have also decreased, and currently only one interest rate cut is predicted due to better than expected performance of the US economy. As long as the price of Bitcoin remains above $105075, the bullish trend remains valid.