CryptoQuant: Analysis of Key Price Levels for BTC Short-Term Holders
On August 28, according to CryptoQuant analysts, Bitcoin short-term holders with a holding period of less than 155 days have a significant impact on market sentiment, and their confidence is expected to attract new funds into the market. Currently, the price of Bitcoin is in the critical turning range of 109K-112K; if the closing price this week breaks through this range, it may strengthen the upward trend; if it falls below, it may accelerate the correction.
Key Price Level Analysis (as of August 26 data)
- Key Resistance Level (1 week - 1 month): 117.3K
This is a short-term resistance level (green K in the chart); when the price reaches this level, investors who are trapped may choose to sell, creating upward pressure on the price.
- Key Decision Level (1 month - 3 months): 112K
This is a short-term decision level (purple K in the chart); Bitcoin's performance in this range will directly determine the short-term market trend direction.
- Key Support Level (3 months - 6 months): 92.4K
This is a short-term support level (blue K in the chart); if the price falls back to this level, it will provide temporary support.
In addition, the realized price for short-term holders of BTC is $108,900, which is also an important reference indicator for the market.
In summary, Bitcoin's performance in the critical turning range of 109K-112K will play a decisive role in the short-term market trend. Investors should pay close attention to price dynamics in this range to better grasp trends and make reasonable investment decisions.