TechFlow news, on July 25, the latest Matrix on Target report indicated that Bitcoin has entered a seasonal adjustment period, with a slight pullback of 0.6% over the past week, showing signs of consolidation. Although Bitcoin broke above the key trendline of $109,000 in early July and rallied broadly during "Crypto Week," it has now approached the critical resistance level of $122,000, forming a阶段性 top. Technically, Bitcoin is in an overbought zone, with multiple reversal signals emerging simultaneously, suggesting the correction may last into August. The White House's cryptocurrency report, originally scheduled for July 22, has been postponed to July 30, dampening market expectations. As the summer lull and holiday season approach, more traders are expected to reduce positions or partially exit, increasing short-term selling pressure, potentially ushering the market into a summer consolidation phase.
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