Matrixport: Bitcoin breaks short-term downtrend, new funds pouring in to sustain the rise momentum.

BlockBeats News, on June 10, Matrixport released a daily icon analysis stating that "Bitcoin has broken through its short-term downtrend, showing bullish breakout signals from the consolidation triangle, which is a pattern usually associated with trend continuation. Although we initially expected a relatively calm summer this year, the strength of this rise indicates that new funds are chasing the price, and concerns related to tariffs are gradually dissipating. Even though this week's CPI data is expected to bring some upward pressure, it is unlikely to interrupt the current pump. At the same time, market expectations for interest rate cuts this year are also decreasing, currently predicting only one cut, as the U.S. economy is performing more resiliently than expected. As long as the Bitcoin price remains above $105,075, the overall upward trend remains valid."