CryptoQuant: BTC needs to pay attention to the potential resistance of $106,200 and the potential support of $97,500 in the short term

PANews reported on June 9 that according to the analysis of CryptoQuant analyst burakkesmeci, the average entry price of short-term Bitcoin holders is: US$106,200 from 1 week to 4 weeks, US$87,300 from January to March, and US$97,500 from March to June.

Analysis points out that short-term holders tend to panic when they lose money, and may choose to sell when the price returns to the break-even point (such as $106,200), forming potential resistance. For off-market buyers, a price range similar to $97,500 may be seen as a buying opportunity and become a support level.

There are two key points to watch in the short term: potential resistance at $106,200 and potential support at $97,500. These price levels reflect both fear and opportunity in the market.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
8 minute ago
2 hour ago
4 hour ago
4 hour ago
5 hour ago
5 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读