Các yếu tố kỹ thuật và tâm lý của Bitcoin ảnh hưởng đến xu hướng hiện tại.

Matrixport’s latest market analysis suggests that Bitcoin’s current behavior is being shaped more by technical patterns and trader sentiment than by on-chain fundamentals, even as the cryptocurrency continues to fluctuate around its 21-week moving average.Technical Setup Points to Cautious OptimismAccording to PANews, Matrixport noted that Bitcoin remains under moderate pressure from on-chain data, yet several technical indicators are flashing early signs of a contrarian bullish outlook.The firm’s proprietary “Greed & Fear Indicator” has re-entered a historical zone that often precedes rebounds, indicating that market sentiment has reached a level of pessimism consistent with recovery phases.Still, analysts cautioned that a breakout to new highs may be premature, emphasizing that short-term rallies remain dependent on the broader macro environment and investor risk appetite.ETF Flows and Sentiment Hold the KeyMatrixport’s report highlighted that while put option premiums have declined sharply, showing reduced demand for downside protection, sustained ETF net inflows are essential for maintaining bullish momentum.The firm added that continued capital inflows into Bitcoin ETFs could validate the ongoing recovery and serve as a catalyst for the next leg higher, especially as institutional participation strengthens.Macro Tailwinds from U.S.–China Trade ProgressAdding to the constructive sentiment, optimism surrounding U.S.–China trade negotiations has provided a short-term boost to risk assets, including Bitcoin.The easing of trade tensions has improved liquidity conditions and risk appetite across global markets — factors that tend to correlate positively with crypto performance.While Matrixport maintains a cautiously bullish stance, it warns that price stability around key moving averages suggests Bitcoin is still consolidating.A decisive break above resistance — supported by renewed ETF inflows and improving sentiment — could mark the start of a more sustainable uptrend.