TechFlow, July 18 — Matrixport released a research report stating that Bitcoin's price is approaching its upper boundary, and technical indicators suggest the market may enter a consolidation phase within the next 1-2 months. The RSI has surpassed 70, entering the overbought zone, with multiple reversal signals showing signs of retreat. The report recommends locking in profits moderately, pointing out that the $106,000–$108,000 range is a key support level, while $122,000 represents the next reasonable target. U.S. core CPI rose only slightly to 2.9%, below expectations; the Fed may not cut rates directly in July but could release forward guidance signals.
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