According to BlockBeats, on August 12, Matrixport released a market analysis stating that 'Bitcoin is breaking out of its triangular formation, experiencing strong increases during the Asian trading session, but some selling occurred during the European and US trading sessions. As long as Bitcoin remains above $116,817, this is still a tradable breakout with the trend leaning towards upward.'
If CPI data exceeds expectations, it may lower market expectations for two rate cuts by the Federal Reserve this year, which we believe is possible. However, given the weaker seasonal period, prices may rise steadily rather than accelerate parabolically.
Funds continue to flow into the crypto market through various channels, and patient investors are likely to see returns this year.
