Matrixport: Bitcoin has not yet regained its moving average, and the overall market remains in a correction phase.

Foresight News reported that Matrixport tweeted, "The 21-week moving average is one of our core indicators for observing bitcoin's shift between bullish and bearish trends. Looking back at multiple market cycles, it often provides effective follow signals during uptrends, while also signaling risks during sharp corrections, helping investors avoid significant downward swings. When bitcoin broke 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 quickly encountered resistance near the 21-week moving average and failed to reclaim it. Currently, bitcoin has not yet regained a firm position above the moving average, indicating that the market as a whole is still in a correction phase. Short-term tactical rebounds may still occur, but at present, we do not see any clear signals strong enough to support an upward move."