Matrixport: U.S. employment data will be released this week, and Bitcoin is at a critical technical juncture

ChainCatcher message, Matrixport released today's chart stating, "Bitcoin has fallen back to the breakout range of $106,000 - $108,000. In the latest issue of the 'MatrixonTarget' report, we have adopted a more conservative stance, indicating that this round of correction may still continue. Seasonal weakness has been evident since the end of July, and phase pressure is accumulating. This week, U.S. employment data is about to be released, and Bitcoin is at a critical technical juncture. If the price further declines, it may surprise most traders, but this risk cannot be ignored. Historical experience shows that interest rate cuts are often seen as a positive for the crypto market, but they are usually accompanied by twists and turns."