[Analysis: BTC Short-Term Holder Cost Line Death Cross Formed, Market Trading Enthusiasm Plummets] BlockBeats News, May 27 — Analyst Murphy pointed out that after nearly 20 days of entanglement, BTC's short-term holder realized price (STH-RP) and TMMP indicator have substantively formed a 'death cross' pattern, with the red line officially crossing below the green line. Historically, once a death cross is formed, BTC's price is often suppressed by the STH-RP red line for an extended period, making it difficult to break through and potentially even hitting new lows. Currently, the STH-RP red line is almost flat, indicating that short-term market activity has dropped to a freezing point. Chips on both sides of this average cost line are unwilling to participate in turnover, consistent with previous assessments of plummeting trading enthusiasm. However, what sets this cycle apart from previous ones is that the slope of the STH-RP downward cross is nearly zero. The steeper the slope, the stronger the panic selling sentiment among high-position holders, making it harder for the price to break resistance. The current nearly flat trend suggests that selling pressure is not intense, and the upper resistance may not be as insurmountable as historical cases. Nevertheless, STH-RP remains the dividing line for gauging bullish or bearish sentiment. If the price operates below this line, the short-term outlook is bearish, and the subsequent direction will need time to confirm. [Original Link]