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Analysis: Bitcoin may currently find it difficult to sustain a rise, but it will only turn bearish if it falls below $96,719.
PANews, June 6th news, Matrixport pointed out that although the recent Bitcoin price movement has weakened, its trend model still maintains a bullish stance. It will only turn bearish if Bitcoin falls below $96,719. In addition, Matrixport believes that the chain reaction of tariff policies may exacerbate the deterioration of economic data and impact market sentiment. In the current environment, Bitcoin may struggle to maintain a sustained rise, and the Federal Reserve is unlikely to take interest rate cuts in the short term.