CoinVoice has recently learned that Matrixport's market analysis today points out that it is too early and somewhat pessimistic to determine whether Bitcoin will pull back to the 21-week moving average of $105,696, but this level remains a key trend reference: if the price stays above it, the overall trend is bullish; if it breaks below, caution should be exercised for bearish signals.

In the past three weeks, Matrixport has consistently expressed a cautious stance. Bitcoin has shown a pullback, but market sentiment remains relatively optimistic. In the short term, funds may flow back from highly volatile altcoins to Bitcoin, providing price support. Investors are advised to remain cautious and manage risk exposure.[Original link]