TechFlow news, on July 2, Matrixport released a chart today indicating that Bitcoin has broken above its downward trend. The analysis noted that the Greed and Fear Index chart from June 25 showed Bitcoin had reached a "possible bottom level," a point historically associated with price recoveries. On June 26, Matrixport pointed out that Bitcoin was oversold. Over the past weekend, Bitcoin broke through its short-term downtrend. Although sustained rebound faces resistance, strategically speaking, a recovery has already emerged.
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