Woominkyu's pivot test makes my hands itch, but I still have to hold back.

Analysis states that Woominkyu pointed out that BTC's BCMI is currently testing a key pivot, having dropped to the 0.2–0.3 range, indicating a historical undervaluation. BCMI is composed of MVRV, NUPL, SOPR, and Fear & Greed, with MVRV and NUPL accounting for approximately 30% and 25%, respectively. The current pullback will bring the value and sentiment back to the lows seen in early 2023, and it is necessary to wait until the slope flattens to confirm that selling momentum has weakened and prices are stabilizing.