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Matrixport: Bitcoin is still in a range of fluctuations, short-term wait-and-see is the main trend, and the medium-term pattern remains unchanged
2025-10-28 09:08

Odaily Planet Daily reports that Matrixport released today's chart, showing that Bitcoin remains range-bound. In contrast, US stocks, driven by the AI boom, have repeatedly hit record highs. This trend bears some resemblance to last year's: after a prolonged period of low volatility, prices experienced a period of rapid upward movement over approximately three weeks (historical analysis is not indicative of the future).

The current narrow range of fluctuations demands greater patience from traders. Short-term trading is primarily based on wait-and-see strategies, while the medium-term outlook remains unchanged. If the Federal Reserve maintains a dovish stance and continues to cut interest rates, the market will likely remain cautiously awaiting clearer external drivers. Similar patterns have been observed historically: after prolonged periods of trading, volatility is concentrated within a relatively short period.