ChainThink reports: Matrixport's latest weekly report indicates that the price of Bitcoin has risen to $93,653, breaking through and stabilizing above the 21-week moving average, an important technical indicator for judging market bull-bear trends. The report believes that although the macro environment has not yet fully returned to normal, there is still a chance of a moderate upward trend in the US stock market, providing support for risk assets including Bitcoin. Bitcoin recently broke through the 23.6% Fibonacci retracement level at $87,045, providing a positive operational signal for investors, and can now be considered a reasonable stop-loss level for long positions. Although the summer market typically shows a range-bound pattern, Bitcoin still has potential for upward movement, especially the recent strong performance of gold has further strengthened the rationale for allocating Bitcoin. The report emphasizes that global holders of USD assets are seeking asset diversification and reducing dependence on the USD, a process expected to continue for several years.