STH-NUPL's "-0.2" indicator proves its worth once again: the formation of the base structure 🏗 Following the quote below, I shared with you all before BTC plummeted to 80K: "Strong support may appear when STH-NUPL reaches -0.2 📈", This was also one of the main factors that led me to propose the Asakusa script. Looking back now, the support level of -0.2 has been confirmed in the short term. However, to truly establish a bottom, there may still be a mile to go...👇: Friendly reminder💬: If you are a new friend, or not yet familiar with STH-NUPL, You can first refer to the quotations below or the links below, which contain detailed explanations of the concepts: 📖 Assessing the short-term bottom of BTC based on the "profit and loss status of short-term holders" x.com/market_beggar/status/198...… Returning to the main topic, in November I shared "STH-NUPL's -0.2", It seems to have been accepted by the market, with BTC rebounding nearly 20% from its low. 🔥 However, today I'm going to talk to you about some of my personal biases from another perspective. As shown in the attached image, in the "purple marked area 🟪": In the past two instances where STH-NUPL reached -0.2 and BTC had completed its bottoming process, We can see that the "structure" of STH-NUPL is tortuous rather than V-shaped. The reason behind it is quite simple: 1️⃣ Prices during the bottoming phase often exhibit "wide fluctuations," causing STH-NUPL to fluctuate accordingly. 2️⃣ Short-term holders (STH) often act as resistance at the start of a trend, therefore a significant shakeout is necessary. Considering the current situation of STH-NUPL, as shown in the attached chart, Currently, STH-NUPL still largely exhibits a "V-shaped rebound" structure. The foundation structure is different from the previous two, showing obvious differences. in other words: If the bottoming structure rhymes again, then perhaps in the short to medium term... We should expect "STH-NUPL to go down again and hit a second and third leg". In other words, "from the perspective of STH-NUPL, BTC still has a need for a second test"‼ In my analysis post on the "Shallow Bear Buy the dips Series" (x.com/market_beggar/status/199...…）， I have repeatedly emphasized to everyone that "the recovery period is usually about 1 to 2 months." And now, less than three weeks have passed since the interim bottom on November 21st; Therefore, if you, like me, are looking forward to the success of Asakusa's script, Perhaps a second dip would lead to a healthier bottom structure. In conclusion, if the second visit does occur as scheduled, we simply need to face it calmly and remain patient. 🫡 // 📚 Related Reading Resources: The Assistance of Shallow Bear Script: The Profit and Loss Value of Short-Term Holders Has Approached a Rock Bottom x.com/market_beggar/status/199...… Shallow Bear Buy the dips Scenario: Extreme Deep Corrections May No Longer Exist x.com/market_beggar/status/199...… Strong bottoming signal in the short term: Analyzing the market from the perspective of stablecoin supply ratio x.com/market_beggar/status/199...… One step at a time: the gradually decreasing average cost of short-term holders. x.com/market_beggar/status/199...…