Today is October 28th, BTC price is 114361. Yesterday, I mentioned that the macro environment is bullish, no doubt about it. Last night, the U.S. stock market hit a new all-time high. At the same time, in yesterday's analysis, I wrote that there would be a pullback overnight. This morning, BTC quoted at 113000. This pullback is normal because the moving averages are disordered. So, what do moving averages represent? Moving averages represent the average transaction price at which people bought during a certain period. Since everyone's costs are all over the place, when the price rises, some will choose to buy or sell, eventually adjusting to similar costs before deciding on a direction. This is why sustainable upward trends require "moving averages to be in an orderly bullish arrangement." Last night, something similar happened with SOL, LTC, and HBAR. Despite passing the ETF, there wasn’t a significant rally, which was a bit unexpected. Tonight, they will be listed on Nasdaq, so it’s worth keeping an eye on them.