CoinVoice has recently learned that Matrixport published a research report indicating that the price of Bitcoin is approaching the upper boundary, with technical indicators suggesting the market may enter a consolidation period in the next 1-2 months. The RSI has broken above 70 into the overbought region, and multiple reversal signals are showing signs of a pullback. The report suggests moderately locking in profits and points out that the $106,000-$108,000 range is a key support level, with $122,000 being the next reasonable target level. The US core CPI has only slightly risen to 2.9%, below expectations, and the Federal Reserve may not directly cut interest rates in July but might release signals for expectation management. [Original link]