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

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PANews
06-09
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PANews news on June 9th, according to the analysis by CryptoQuant analyst burakkesmeci, the average entry price for Bitcoin short-term holders is: 1 week to 4 weeks at $106,200, 1 month to 3 months at $87,300, and 3 months to 6 months at $97,500.

The analysis points out that short-term holders are prone to panic when at a loss and may choose to sell when the price returns to the break-even point (such as $106,200), forming potential resistance. For over-the-counter buyers, price ranges around $97,500 might be seen as buying opportunities and could serve as support levels.

In the short term, two key points need attention: the potential resistance at $106,200 and the potential support at $97,500, which reflect the market's fear and opportunities.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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