Matrixport: The sustainability of Bitcoin's rebound remains to be verified

Matrixport published a market view stating that, from a technical perspective, this round of pullback has approached the value-for-money range. The RSI recently dipped to 35, and according to historical experience, technical buying tends to become active around this level, although sustainability still awaits macro catalysts for validation. Short-term catalytic factors include: the potential resolution of the U.S. government shutdown this week, and Trump's suggestion of possibly issuing around $2,000 in "stimulus checks" to the public, which reminds the market of the retail frenzy driven by checks in 2020-2021.

In summary, given the recent net outflow from ETFs and institutions' phased wait-and-see stance, the rebound strength is limited; relying solely on the aforementioned catalysts is insufficient to drive a trend reversal, and resonance verification between the capital and fundamental aspects is still needed.