Mars Finance News: Matrixport released today's chart, showing that Bitcoin is attempting to break through the downward trend, benefiting from the slightly dovish stance of the Federal Reserve and Trump's hint at a more targeted approach to tariffs. Compared to the past few weeks, these changes have provided a more constructive environment for the market. Moreover, as the end of the quarter approaches, selling pressure from arbitrage funds is easing, as funding rates remain persistently low and most selling is near its conclusion. Although current catalysts are not yet sufficient to support Bitcoin reaching a new all-time high, the market outlook has significantly improved.
Matrixport: Bitcoin is trying to break the downward trend, and arbitrage selling pressure is coming to an end
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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