Matrixport: The market downturn may continue, but it is still insufficient to indicate the end of the Bitcoin trend

Matrixport released a daily chart analysis stating, "There are no absolutely effective trading rules when investing in Bitcoin, but many market participants tend to focus on one indicator: the 21-week moving average. As we have mentioned multiple times in our weekly 'Matrix on Target' report, the 21-week moving average has repeatedly shown certain reference value over several past cycles. Investors who keep an eye on this indicator often find it easier to reassess their positions and risks during periods of increased volatility. The current trend does not rule out the possibility of further declines, but it does not necessarily indicate that the Bitcoin market has ended. It is more like a reminder to us: rather than being completely led by short-term noise, it is better to refer to a few simple, time-tested reference points as a relatively stable benchmark for decision-making."