Matrixport: Weaker U.S. macro data may trigger market turmoil, making it difficult for Bitcoin to continue to rise

Matrixport released a weekly report stating that the upward momentum of Bitcoin is weakening, and cracks are beginning to show in the US macroeconomic background. Two key economic indicators have recently fallen to multi-month lows, but most investors' attention is still focused on the flow of ETE funds. In fact, financing dynamics, stablecoin activity, and forward-looking data all suggest that the market may be undergoing a larger-scale change. With US macroeconomic data beginning to soften, we may be entering a period of uncertainty. The recent strong performance in demand is likely due to market anticipation of Trump's tariff policy and accelerated execution of orders, but this activity now appears to be normalizing. Decision-makers may be concerned that the tariff policy will reignite inflationary pressures, so they are cautious about prematurely easing policies. We have previously pointed out that Bitcoin breaking above $84,500 confirms its bullish trend. Considering the market uncertainty that may arise in the summer, we advised traders to take moderate profits in our report last week. Despite the recent softening in price trends, our trend model still maintains a bullish stance. The model will only turn bearish when Bitcoin falls below $96,719, a level that is still intact but close to being touched. As the momentum has clearly weakened, we have chosen to lock in profits early. As signs of early economic weakness gradually emerge, we may be facing a period of economic turmoil lasting over two months. In such a market environment, Bitcoin is unlikely to continue rising undisturbed, especially when the Fed is not yet prepared to cut interest rates and inflation expectations remain high.