[Matrixport: Bitcoin Loses Key Level, Market Remains in Correction Phase] Odaily Planet Daily News – Matrixport pointed out in its latest chart analysis that Bitcoin remains in a correction phase after breaking below a key technical level. It stated that the 21-week moving average is a core indicator for observing the shift between bullish and bearish trends in Bitcoin. Historically, this moving average has provided strong follow-through signals during uptrends and often issued risk warnings before sharp pullbacks, helping investors avoid significant downward volatility. Reviewing the current trend, Matrixport noted that when Bitcoin broke below the 21-week moving average in Q4, it signaled the possibility of a deeper market correction. Although there was a temporary rebound in late December, the price quickly faced resistance and fell back after approaching the 21-week moving average, failing to regain a stable position above it. Based on this assessment, Bitcoin's overall structure remains within a correction range. Matrixport also pointed out that a tactical rebound in the short term cannot be ruled out, but as of now, there are no clear signals to support the start of a new sustained upward trend.