4.29 Pullback Pressure

1. Since the bull market began, after the short-term moving averages on the daily chart have crossed downwards and risen about 30%, a pullback has always followed, with a pullback of at least 50%. This has occurred 5 times before.

2. Currently, BTC has risen 28% from 74,000. There is a huge amount of trapped positions between 95,000 and 98,000. BTC is facing pullback pressure; if the pullback is 50%, it will drop to 85,000.

3. This is the process of shifting from short to long, and after the moving averages regroup closely, they will expand towards the bullish side.