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Analysis: BTC has not yet broken through the key resistance level, and the short-term holder behavior may determine the trend.
BlockBeats news, on September 1st, analyst Ali on the social platform X indicated that BTC is currently facing a critical price resistance level. Ali emphasized that the short-term holder realized price is currently around $63,250, and BTC has been struggling to break through this level since June 22nd. Ali explained that in a downward trend, this price level often becomes a resistance, because when the price falls below the get on board point, short-term holders are more inclined to dumping. The analyst warned that until BTC reconverts this area into a support level, the market may face sustained dumping pressure.