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Analysis: As long as Bitcoin remains above $105,075, the bullish trend is still valid.
PANews reported on June 10 that according to Matrixport analysis, Bitcoin has broken through the short-term downward trend and formed a bullish breakout pattern. The current price has broken out of the consolidation triangle, indicating a possible continuation of the trend. While the market was expected to be quieter in the summer, the strong performance of the breakout suggests that new money is driving the rally, while tariff-related concerns are waning. Even if this week's CPI data may bring some upward pressure, it will be difficult to stop the current upward momentum. Market expectations for a rate cut this year have also been lowered, with only one rate cut now forecast as the U.S. economy performs better than expected. As long as the Bitcoin price sustains above $105,075, the bullish trend remains valid.