【Matrixport: If the Bitcoin price is above $105,696, the overall trend remains bullish】Golden Finance reports that Matrixport released today's market analysis stating that at the current stage, it may still be too early, or even rather pessimistic, to judge whether Bitcoin will fall back to the 21-week moving average of $105,696. However, we still regard this level as a key reference for the trend: if the price is above this level, the overall trend remains bullish; once it falls below, we need to be wary of bear market signals. Over the past three weeks, we have consistently expressed a more cautious stance in our weekly reports, and Bitcoin has shown a pullback, although market sentiment remains relatively optimistic. In the short term, some funds may flow back from highly volatile altcoins to Bitcoin, providing some support for the price. However, we still advise investors to remain cautious and manage their risk exposure. This assessment has been repeatedly raised over the past few weeks and is still applicable now.
