Shenchao TechFlow News, on August 12, Matrixport released today's chart analysis, indicating that the Bitcoin price has broken through the triangular consolidation pattern. Although the strong upward trend during the Asian trading session has seen some pullback in the European and American markets, as long as the price remains above $116,800, the upward trend will continue. Analysts point out that despite inflation data being higher than expected, which may affect the Federal Reserve's expectations for two rate cuts this year, considering the current seasonal weakness, the Bitcoin price may experience a slow increase rather than a parabolic rise. Currently, the cryptocurrency market continues to receive capital inflows through multiple channels, and long-term investors are expected to see returns within the year.