Matrixport: Technical indicators show that Bitcoin may enter a consolidation period in the next 1-2 months

Odaily Planet Daily News Matrixport released a research report stating that the price of Bitcoin is approaching the upward boundary, and technical indicators show that the market may enter a consolidation period in the next 1-2 months. RSI has broken through 70 and entered the overbought area, and multiple reversal signals have shown signs of falling back. The report recommends moderately locking in profits and points out that the $106,000-108,000 range is the key support level, and $122,000 is the next reasonable target. The US core CPI only rose slightly to 2.9%, which was lower than expected. The Federal Reserve may not directly cut interest rates in July, but may release an expectation management signal.