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

On November 4th, Matrixport released a daily chart analysis stating that “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 report 'Matrix on Target', the 21-week moving average has repeatedly demonstrated certain reference value over multiple cycles in the past. Investors who pay attention to this indicator often find it easier to reassess their positions and risks during periods of increased fluctuation. The current trend does not rule out the possibility of further dips, but it does not necessarily indicate that the Bitcoin market has ended. It is more like a reminder: 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.”