Analyst: Bitcoin short-term swing signal "BRS" starts to turn after a month

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On March 4th, on-chain data analyst Murphy posted on social media that Bitcoin’s short-term swing signal “BRS” has started to change after remaining unchanged for nearly a month. Murphy explained that the “catching rebounds” method for the BRS signal is simple: buy when BRS=100, sell when BRS returns to 0, using this as a trading swing. Historically, this signal has been observed 11 times between 2018 and 2022, with 9 successes and 2 failures, resulting in an overall historical success rate of approximately 81.8%, demonstrating high effectiveness in historical samples. The BRS indicator touched 100 again on February 2, 2026, when Bitcoin was priced at $75,000. Therefore, when BRS returns to 0, Bitcoin’s price should be at least above $75,000 for the signal to be considered successful. After maintaining at 100 for a full month, the BRS finally started to move away from 100 toward 0. It is important to note that this signal is only useful for rebound trading and for traders looking to reduce their positions.

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