TechFlow news, September 1 — Matrixport released a chart today stating, "Bitcoin has fallen back into the breakout range of $106,000–$108,000. In the latest edition of our 'MatrixonTarget' report, we have shifted to a more conservative stance, indicating this correction may still continue. Seasonal weakness has been evident since late July, and downward pressure is accumulating.
With key U.S. employment data due this week, Bitcoin is at a critical technical juncture. A further price decline might surprise many traders, but this risk cannot be ignored. Historical experience shows that rate cuts are often seen as positive for the crypto market, yet they frequently come with volatility."
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