Pullback Pressure

1. Since the bull market began, there has been a pullback of at least 50% after a rise of about 30% following a death cross of the short-term moving averages on the daily chart. This situation has occurred 5 times.

2. Currently, BTC has risen 28% from 74000, and there is a massive trapped chip peak between 95000-98000. BTC is facing pullback pressure, and if the pullback is 50%, it will drop to 85000.

3. This is the process of shifting from short to long, and after the moving averages become dense again, it will expand towards the bullish side.