Analysis: Bullish trend remains valid as long as Bitcoin remains above $105,075

PANews reports on June 10th that according to Matrixport analysis, Bitcoin has broken through the short-term downward trend, forming a bullish breakthrough pattern. The current price has broken through the consolidation triangle, indicating that the trend may continue. Although the summer market was previously expected to be relatively calm, the strong performance of this breakthrough shows that new funds are driving the upward trend, while tariff-related concerns are gradually diminishing. Even if the CPI data this week might bring some upward pressure, it is unlikely to stop the current upward momentum. Market expectations for interest rate cuts this year have also decreased, with only one rate cut currently predicted, as the US economy is performing better than expected. As long as Bitcoin's price remains above $105,075, the bullish trend remains valid.