Analysis: Bitcoin may not be able to sustain its upward trend at present, but it will only turn bearish once it falls below $96719

Matrixport pointed out that although the recent trend of Bitcoin prices has weakened, its trend model still maintains a bullish stance. Only when Bitcoin falls below $96719 will it turn bearish. In addition, Matrixport believes that the chain reaction of tariff policies may exacerbate the deterioration of economic data and have an impact on market sentiment. In the current environment, Bitcoin may find it difficult to maintain sustained growth, and the Federal Reserve is unlikely to take interest rate cuts in the short term.