Matrixport: The current short-term market is primarily observing, maintaining patience.

Bitcoin is still in a range-bound fluctuation; in contrast, U.S. stocks have repeatedly set historical highs driven by the AI boom.

There is a certain similarity to the rhythm observed last year: after a prolonged period of low volatility consolidation, prices experienced a relatively rapid upward movement within about three weeks (historical backtracking does not represent the future).

The current narrow fluctuations demand higher patience from traders. The short-term focus is on observation, and the mid-term pattern remains unchanged.

If the Federal Reserve maintains a dovish stance and continues to cut interest rates, the market is more likely to wait for clearer external driving signals.

Similar rhythms have also been commonly seen in history: after prolonged consolidation, volatility tends to be released in a shorter time frame.