The short-term trend of Bitcoin is hard to predict, influenced by both technical factors and fundamentals.

[Chain News] PANews, August 6 - Matt Mena, a strategist at a certain Crypto Assets company, stated that considering the randomness of short-term price movement, the performance of Bitcoin is difficult to predict. He mentioned that Crypto Assets react to major catalysts such as macroeconomic data, Central Bank decisions, and regulatory developments. However, Bitcoin also possesses "very technical characteristics," which means that chart levels play a significant role in its price movement compared to traditional assets. Another factor to consider is that it is traded around the clock on a globally decentralized network of exchanges, each with varying levels of Liquidity. This, combined with the increasing participation of Algorithms and on-chain data signals, means that price movement can sometimes be driven by technical factors, Position, or automated strategies rather than fundamental news.