Matrixport: Bitcoin may usher in a phase of cooling
2025-07-18 07:00:01
Matrixport released a research report saying that the bitcoin price is approaching the upside boundary, and technical indicators show that the market may enter a consolidation period in the next 1-2 months. The RSI has broken through 70 to enter the overbought area, and many reversal signals are showing signs of falling back. The report recommends moderate locking in gains, and points out that the $106,000- $108,000 range is the key support level, and $122,000 is the next reasonable target level. The US core CPI rose only slightly to 2.9%, which is lower than expected. The Federal Reserve may not directly cut interest rates in July but may release an expected management signal.
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