4.29 Pullback Pressure
1. Since the bull market began, every time the short-term moving average crosses below the long-term moving average after an increase of about 30%, it faces a pullback, with the pullback magnitude being at least 50%. This situation has occurred 5 times.
2. Currently, BTC has risen 28% from 74000, and there is a large amount of trapped capital between 95000-98000. BTC is facing pullback pressure. If the pullback magnitude is 50%, it will drop to 85000.
3. This is the process of turning from bearish to bullish. After the moving averages become dense again, they will spread towards the bulls.
