10x Research: Key Macro Signals Turn Bullish, Bitcoin Poised for Breakout Amid Consolidation

10x Research stated that against the backdrop of rising oil prices, resilient US Treasury yields, diverging employment data, and the Federal Reserve’s cautious stance, Bitcoin’s macro fundamentals are quietly strengthening. As treasury funds from certain altcoins (such as ADA and DOT) may shift toward Bitcoin and key changes emerge in the credit environment, the market is brewing a potential trend reversal. Over the past month, Bitcoin has fluctuated around $106,000, with volatility maintained within ±4%. The longer the consolidation lasts, the greater the likelihood of a breakout. Although Fed Chair Powell is expected to maintain a neutral stance at this week’s FOMC meeting and the risk of a rise in 10-year US Treasury yields remains, on-chain indicators continue to support current price levels. As long as Bitcoin stays above $100,437, the downside is limited. With geopolitical risks diminishing and seasonal summer factors possibly leading to continued short-term consolidation, a shift in a medium- to long-term macro signal is laying the groundwork for a potential rally later this year.