CryptoQuant report outlines average entry prices of short-term Bitcoin holders, revealing critical near-term support and resistance levels.
Short-term holders have entry prices of $106,200 (1-4 weeks), $87,300 (1-3 months), and $97,500 (3-6 months), indicating potential emotional reaction points for traders.
Return to $106,200 may create resistance as holders sell, while $97,500 could become support as new buyers enter, presenting fear and opportunity zones.
Key levels to watch: $106,200 as resistance where profits may be taken, and $97,500 as support where buyers could re-enter, impacting Bitcoin's short-term trend.