Matrixport: BTC may face a phase of cooling down.

ChainCatcher news, Matrixport released a research report indicating that Bitcoin prices are approaching the upward boundary, and technical indicators suggest that the market may enter a consolidation period in the next 1-2 months. The RSI has broken above 70 and entered the overbought region, with multiple reversal signals showing signs of retreat. The report recommends locking in profits moderately and points out that the $106,000-$108,000 range is a key support level, while $122,000 is the next reasonable target level. The core CPI in the U.S. has only slightly risen to 2.9%, lower than expected, and the Fed may not directly cut interest rates in July but might release expectations management signals.