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

Golden Finance reports that Matrixport has released a daily chart analysis stating that Bitcoin has just entered a rare phase: Position, market sentiment, and macro policy are colliding simultaneously. Implied volatility has significantly decreased, and the demand for crash protection has also faded, yet the price remains below a key level that has historically been difficult to break through. 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.