Matrixport: Bitcoin has short-term upside potential if it holds crucial support levels.

Matrixport pointed out that since mid-November last year, the price of Bitcoin has been in a gradually narrowing wedge pattern, influenced by various factors including higher-than-expected inflation data and the Federal Reserve's hawkish stance dampening market sentiment, as well as optimistic expectations that President $Trump may establish a "strategic Bitcoin reserve" for support. $Trump's inauguration has become a catalyst for Bitcoin's upward breakout, and the current Bitcoin price is retesting the breakout level, which coincides with the upper boundary of the wedge. If Bitcoin can hold this critical support level, there is still significant upward potential in the short term, further enhancing bullish market expectations.