Matrixport: Bitcoin is at a critical turning point, with market sentiment conflicting with macro policies, leading to uncertainty in direction.

[Matrixport: Bitcoin is at a critical turning point, with market sentiment and macro policies conflicting, leading to uncertainty] Matrixport released its daily chart analysis, stating that Bitcoin has just entered a rare phase: Position, market sentiment, and macro policies are colliding simultaneously. Implied Volatility has significantly decreased, and the demand for crash protection has also faded, but the price remains below a key level that is historically difficult to break through again. At the same time, an important on-chain cost basis indicator is being tested, and this level has often distinguished between “panic” and “deep value” in the past. What adds to the tense atmosphere is that, with the shift in the Federal Reserve's tone, expectations for interest rate cuts have surged again. However, history shows that this is precisely the stage where many traders misjudge the subsequent trends. Seasonal patterns point in one direction, while trend structures support another, and both have data backing them.