AiCoin|Feb 06, 2026 04:56
[Matrixport: Bitcoin Market Still in Tug-of-War Between Technical Weakness and Macro Improvement]
On February 6, Matrixport released a weekly report stating that after Bitcoin's rapid pullback, it has reached a critical downward target range, with the market still caught between 'macro environment improvement' and 'insufficient technical recovery.' The report mentioned that growth indicators rebounding, stronger fiscal measures, and a weaker dollar should theoretically support risk assets, but Bitcoin has yet to provide a clear confirmation of a reversal. From a technical perspective, key trend levels have been breached, and previous support zones have turned into resistance. The recent rebound appears more like a corrective recovery rather than a trend reversal. Position structures amplify upward pressure, with limited reduction in positions from high-level entries, and existing funds may turn into supply pressure. From a cyclical perspective, the current phase resembles the late-stage top of a cycle, with prices potentially experiencing a pullback or weak consolidation.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink