Matrixport released its latest report noting that Bitcoin has retraced into the $106,000–$108,000 band. The research team took a conservative stance, warning that a retest of $108,000 may mark the opening phase of renewed downside amid rising seasonal resistance observed since late July.
With this week’s US employment data pending, market participants should expect increased volatility as spot flows and derivatives positioning adjust to the macro print. Institutional desks are monitoring liquidity, implied skew and order-book depth to assess short-term directional risk rather than presuming an immediate breakout.
Matrixport also highlighted that prospective rate cuts remain a key macro consideration for crypto valuations, while noting monetary easing can produce transitional market effects. The firm advises emphasis on disciplined risk management and scenario planning in lieu of speculative extrapolation.