Wu said that he learned that Matrixport issued a statement saying that Bitcoin has broken the downward trend. Matrixport pointed out that it mentioned on June 25 that Bitcoin had reached the "lowest possible level" in the Matrixport Greed and Fear Index, a level that is usually associated with price recoveries. On June 26, it pointed out that Bitcoin was oversold. Over the weekend, Bitcoin broke the short-term downward trend. Although there is still resistance to continued rebound, from a strategic point of view, the rebound has already occurred.