The Heart Rate of a Bull Market: Evaluating the Support Zone for a pullback from the Perspective of Chain Analysis The surge in August pierced through two market cost lines, STH-RP and TMMP, at once, The first horn sounded for the establishment of the bull market trend. In my analysis at that time (https://(((((x.com)))/market_gegar/status/2094605152410116198), Emphasizing the importance of maintaining a price above two lines, BTC has now passed the test, The two lines have also shifted from resistance to potential support: // The 'Purple Line' in the attached image（ ）」 It's TMMP, let me first review its concept for you: ➡️ The full name is' True Market Mean Price ', translated as' Real Market Average Cost' in Chinese ➡️ Taken from "Cointime Economics" jointly produced by Ark and Glassnode ➡️ Formula: (Realized Cap Thermocap)/(Livelines x Circulating Supply) ➡️ Concept: After deducting the miner portion, the total capital flowing into the BTC market is divided by the active chip quantity In other words, TMMP eliminates the influence of "miners" and "long-term non circulating/lost" chips, Only use active chips as the calculation basis and calculate the 'average cost of the market' based on this. And the 'red line'（ ）」 So here are your familiar old friends: STH-RP, I won't go into too much detail here. Interested friends can refer to the previous post on their own. // As shown in the attached figure ： ➡️ The current STH-RP is approximately 72785 ➡️ The current TMMP is approximately 77062 Compared to the update a month ago, after experiencing a month of minor fluctuations, The price has received some support in the position of TMMP, And completed a Stop Hunt while stepping back, before a new wave of rally appeared, Provided us with a great opportunity to increase our inventory (see link below for details) ）。 75.6K Liquidity Precision Hunting ": Equal Highs above the blade? https://(((((((x.com)))))))/market_beggar/status/2101850307080998976 Time goes back to the present: We cannot predict when BTC will begin to experience a pullback or the magnitude of the pullback, But we must assess in advance which areas are potential supports if a pullback occurs, And based on this, develop your own trading plan so that you are not swayed by emotions when the market arises. Scientific Right Side Trading ": unwilling to accept it, and do not be at odds with money https://(((((((x.com)))))))/market_beggar/status/2093152234163015863 Old friends all know that there are two market cost lines, STH-RP and TMMP, During the bull market phase of BTC, there is always a defensive bottom line that cannot be easily breached, Once it falls below, the market always takes longer to repair. Once a pullback begins in the future, '72.8K~77K' will be an area that we must closely monitor, And, if we combine the analysis of the following citations, this range is actually quite interesting: ➡️ Getting support in TMMP: corresponds precisely to the consolidation and fundraising area of the past month ➡️ Supported by STH-RP: Recreating the 'Double Kill' script from early 2023 2023 'Double Kill' Script Performance https://(((((((x.com)))))))/market_beggar/status/2100763188870738052 Of course, if you don't have much time to monitor the market or are just a long-term spot investor, Then perhaps you just need to remember the range of "72.8K~77K" a little bit, In this way, if BTC is fortunate enough to fall to this region in the future, Your emotions will not be dominated by panic and anxiety, and you will recognize that this is likely to be an excellent window for adding positions The above is today's content, hoping to be helpful to everyone // Related reading resources There are always some people who are afraid of heights: The second batch of cows' initial cash flow trend appears https://(((((((x.com)))))))/market_beggar/status/2102938528288329734 Did the Americans run away again? "The indicator formula tells you that this time may be different https://(((((((x.com)))))))/market_beggar/status/2102211433987793357 'Only when water reaches can channels be formed': waiting patiently for the capital increment that drives the start of the bull market https://(((((((x.com)))))))/market_beggar/status/2099679375650402637