Matrixport: Weakness in US macro data may trigger market turbulence, making it difficult for Bitcoin to sustain its rise

According to BlockBeats, on June 6th, Matrixport released its weekly report stating that the upward momentum of Bitcoin has weakened and the macroeconomic background in the United States has begun to show cracks. Two key economic indicators have recently fallen to several month lows, but most investors' attention is still focused on the flow of ETF funds. In fact, financing dynamics, stablecoin activity, and forward-looking data all suggest that the market may be undergoing larger scale changes. As macroeconomic data in the United States begins to weaken, we may be entering an uncertain period. The recent strong demand performance is likely due to the market's early expectations of Trump's tariff policies and accelerated order execution, but this activity currently appears to be becoming normalized. Decision makers may be concerned that tariff policies may reignite inflationary pressures, so they remain cautious about prematurely relaxing policies. We have previously pointed out that Bitcoin's bullish trend can be confirmed by breaking through $84500. Considering the potential market uncertainty during the summer, we recommended traders to take moderate profit taking in last week's report. Although the recent price trend has softened, our trend model still maintains a bullish stance. The model will only turn bearish when the price drops below $96719, and currently this level remains intact, but it is indeed close to touching. Due to the significant weakening of the trend momentum, we have chosen to lock in profits first. As early signs of weak economic data gradually emerge, we may face more than two months of economic turbulence. In such a market environment, it is unlikely that Bitcoin will continue to rise without interference, especially as the Federal Reserve is not yet prepared to cut interest rates and inflation expectations remain high.