Matrixport: The market downturn may continue, but it is still not enough to signal the end of the bitcoin trend

ChainCatcher news, Matrixport released its daily chart analysis stating, "There is no absolutely effective trading rule when investing in bitcoin, but many market participants focus on one key indicator: the 21-week moving average. As we have mentioned multiple times in our weekly 'Matrix on Target' reports, the 21-week moving average has repeatedly demonstrated its reference value across multiple cycles in the past. Investors who keep an eye on this indicator often find it easier to reassess their positions and risks when volatility intensifies. The current trend does not rule out the possibility of further downside, but it is not enough to conclude that the bitcoin market has ended. Rather, it serves as a reminder: instead of being completely swayed by short-term noise, it is better to refer to a few simple, time-tested reference points as relatively stable benchmarks for decision-making."