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When I edit a movie in Adobe Premiere Elements 2021, the next time I open the program, the whole movie is red and offline.
What has happened and how do I get the film back
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Make sure your movie is sitting on a local drive
and not your camera card or external drive which you disconnect.
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Adding to Ann's repair method, it is necessary to know that with video editing the source clip files are not "in" the project. Instead, they are referenced and linked. They have to stay where they are or where you put them when you start and build the project. If they don't stay there, the project will not re-open.
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Bill beat me to the essence of what you need to do... but I will add some details
I copy all video & picture files from my camera to a folder on my E drive (separate physical drive, not a partition on my boot drive)
When I start a new project and use the files in that folder, my project will show an error if I move a file to a different location OR I rename a file in that folder
If you use an external drive of any kind you need to LOCK the drive letter in Windows so if you unplug and reconnect that external drive the drive letter stays the same