Matrixport: Currently, Bitcoin has not yet regained the moving average line, and a short-term rebound may occur.

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Mars Finance reports that Matrixport released a chart today indicating that the 21-week moving average is one of our key indicators for observing Bitcoin’s bullish and bearish shifts. Looking back at multiple market cycles, it often provides effective follow-through signals during upward trends and also warns of risks during sharp pullbacks, helping investors avoid significant downward swings. When Bitcoin fell below this level in the fourth quarter, we warned that the correction could deepen further. Although there was a temporary rebound in late December, it was quickly halted and retreated after approaching the 21-week moving average, and it has yet to recover. Currently, Bitcoin has not regained this moving average, indicating that the overall market remains in a correction phase. Short-term tactical rebounds may still occur, but there are no clear signals at present to support a sustained upward move.

BTC-0,91%
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