Matrixport has issued a cautious short-term market outlook for Bitcoin, highlighting its current range-bound consolidation phase. The firm draws parallels to last year's pattern, where a period of low volatility was followed by a rapid price surge. Traders are advised to exercise patience as the narrow trading range persists. Despite the short-term caution, Matrixport maintains that the mid-term market structure remains intact. The firm suggests that if the Federal Reserve continues its dovish monetary policy and cuts interest rates, the market may stay in a holding pattern, awaiting clearer external catalysts. Historically, such consolidation phases have often preceded significant volatility over a short period.