Matrixport: Bitcoin May Be Entering a Period of Temporary Cooling

According to a report by Jinse Finance, Matrixport has released a research note stating that Bitcoin's price is approaching the upper boundary, and technical indicators suggest the market may enter a consolidation phase in the next 1-2 months. The RSI has surpassed 70, entering the overbought zone, and several reversal signals are showing signs of a pullback. The report recommends moderately locking in profits and points out that the $106,000-$108,000 range is a key support level, with $122,000 as the next reasonable target. The U.S. core CPI only rose slightly to 2.9%, below expectations, and while the Federal Reserve is unlikely to cut rates directly in July, it may signal expectations management.