Analyze Bitcoin The appearance of a golden cross indicates that short-term momentum is surpassing long-term momentum (usually showing a bullish trend). But historical data shows that every time a golden cross is formed, Bitcoin always experiences a sharp drop of 10%, and only after this drop does Bitcoin rebound strongly and reach a new historical high. Let's take a look at specific past cases: In February 2021, when Bitcoin's 50 day moving average crossed the 200 day moving average, it plummeted 10% within 7 days In March 2024, Bitcoin experienced a violent pullback to a new high after plummeting by 11% It has been proven that the emergence of the golden cross is just the ultimate washing up method before the main force rises, used to shake off retail investors and promote a real price breakthrough. This is the mechanism of action of the golden fork shape. This week, Bitcoin experienced a pullback of about 8%, in line with past practices. At present, there has been a rebound, indicating strong buying around $104000 to $105000. On the other hand, it is evident that the upward momentum above $110000 has been exhausted. What is the future trend? If we can hold on to $105000 (which is highly likely), we will reach the $150000 mark and repeat the trend of a golden cross. If it falls below the $100000 mark, it is expected to experience a slight correction to the $90000 to $95000 range. BTC