Matrixport: Bitcoin Technically Oversold, Market Still Awaits Confirmation from Macroeconomic Signals

According to a report by Jinse Finance, Matrixport’s weekly analysis states: “The market has recently entered a correction phase, with Bitcoin’s momentum weakening and both liquidity and trading enthusiasm cooling off. Trading volumes have shrunk, funding rates remain low, and the market structure is becoming more relaxed. As the Federal Reserve has yet to release a clear signal, the market may continue to remain on the sidelines, entering a period of consolidation. In the very short term, oversold stochastic indicators may suggest the possibility of a technical rebound, but we remain skeptical about its sustainability and are more inclined to believe that prices will continue to move sideways. The core issue currently facing Bitcoin is whether the repricing of US economic growth expectations will trigger a rise in realized volatility. As volatility continues to decline, the net asset value (NAV) of some publicly listed companies holding large amounts of Bitcoin has contracted, weakening their ability to raise funds through new share issuance and further increase their Bitcoin holdings. For now, we still recommend exercising patience and waiting for a clear bottom signal or a renewed pickup in market momentum. In Bitcoin trading, if you don’t sell at the highs, you won’t be able to reposition at the lows.”