Matrixport: RMB exchange rate approaches key resistance level, Bitcoin may usher in a new round of rise

Odaily News Matrixport released today's chart saying that in 2015, after the RMB depreciated, Bitcoin was sold off, but rebounded strongly at the end of the year and closed higher for the whole year. We may see a similar situation repeat itself at present, and this judgment echoes our bullish view on gold 18 months ago.
Currently, the USD/RMB (USDCNY) exchange rate is expected to break through the key technical resistance level, which is highly similar to our original judgment that gold is "artificially suppressed and ready to go", and may indicate that Bitcoin is also about to usher in a rapid rise.
In addition, the correlation between USDCNY and the US 10-year Treasury yield is also worth noting. Although the US Treasury yield has declined recently, a rapid rebound may put some pressure on Bitcoin's upward momentum in the short term.