CryptoQuant Analyst: The BTC range of $112,000 to $105,000 remains a weak point.

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According to Mars Finance news, CryptoQuant analyst Axel Adler Jr tweeted, "BTC has formed a resistance level at $112,000, which is a good sign. However, the range between $112,000 and $105,000 remains a weak link and acts as a buffer to prevent Bitcoin from experiencing a deeper pullback. STH 1W–1M realized price: $117,000, the whole group is currently in a state of loss, and if there are negative triggering factors, they will feel panic first. STH realized price: $105,000, this is a strong support area when strong negative news appears."

BTC-0.32%
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