Matrixport: Market Downtrend May Continue, But Not Enough to Signal Bitcoin's Trend Reversal
BlockBeats News, November 4th, Matrixport released its daily chart analysis stating, "When investing in Bitcoin, there is no absolutely effective trading rule, but many market participants tend to focus on one metric: the 21-week moving average."
As we have mentioned in our weekly 'Matrix on Target' report many times, the 21-week moving average has repeatedly demonstrated a certain level of reference value over multiple cycles.
Investors who keep an eye on this metric often find it easier to reassess their positions and risks when volatility increases. The current trend may still have the potential for further downward movement, but it is not enough to indicate the end of Bitcoin's market trend. It is more like a reminder to us: rather than being led entirely by short-term noise, it is better to refer to a few simple, time-tested reference points as relatively stable decision-making benchmarks."
You may also like

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?
