PANews reported on July 2 that Matrixport said on the X platform that Bitcoin has broken the downward trend. The agency analyzed: "On June 25, our Greed and Fear Index chart pointed out that Bitcoin has reached the 'lowest possible level', which is usually associated with a price recovery. On June 26, we pointed out that Bitcoin was oversold. Over the weekend, Bitcoin broke through the short-term downward trend. Although the continued rebound is still hindered, from a strategic point of view, the rebound has already occurred."