According to online reports, Matrixport released today's market analysis saying that at the current stage, it may still be premature or even pessimistic to judge whether Bitcoin will fall back to the 21-week moving average of US$105,696. However, we still regard this level as a reference for key trends: if prices are above this level, the overall trend remains bullish; once it breaks below, we need to be vigilant for bear market signals. Over the past three weeks, we have continued to express a more cautious stance in weekly reports, and Bitcoin has also seen a correction, although market sentiment remains relatively optimistic. In the short term, some funds may flow back from highly volatile altcoins to Bitcoin, which will provide certain support for prices. However, we still advise investors to be cautious and control risk exposure. This judgment has been made many times in the past few weeks and still applies.