Matrix concentration for Markov chains was initiated in the expander-walk setting by Garg, Lee, Song, and Srivastava'18 [GLSS18]. However, the constant obtained in [GLSS18] is quite loose, and it is natural to ask whether a tighter proof can yield the same constant as in the independent matrix concentration setting. In this paper, we provide a positive answer to this question. Our Hoeffding exponent is sharp, as shown by a scalar obstruction. Our Chernoff and Bernstein constants improve upon those in [GLSS18] and Neeman, Shi, and Ward'24 [NSW24], respectively.