The latest report from Matrixport points out that with the price of bitcoin currently oversold, a rally may be imminent. The report mentions that bitcoin usually rebounds in this situation, and the upcoming US inflation data may drive the market higher. In addition, the report highlights that trading volumes and liquidity are typically low in August, which may result in a challenging market environment. Investors should keep a close watch on market movements, especially as the Relative Strength Index (RSI) approaches 30%. Buying opportunities similar to those seen in June 2024 may arise.