Murphy|Nov 04, 2026 05:12
Between January and September 2023, the BTC price encountered resistance at one standard deviation of the Short-Term Holder's Cost Line (STH-RP) (yellow line in the chart), and subsequently experienced a degree of pullback each time.
The first pullback perfectly retraced to the blue line (STH-RP), the second slightly broke below the blue line, and the third retraced to between the blue and green lines (-1 STD).
Currently, the blue line is around $75,700, and the green line is around $68,900. If we simply follow this pattern, the following three scenarios have a certain probability of occurring:
1. A pullback to $75,700;
2. A pullback to $72,300;
3. A pullback to between 1 and 2.
As always: We don't make predictions, we only plan.
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