Recently, U.S. 30-year Treasury yields have hit the highest level in 20 years.
Although the current $BTC price looks calm, the higher the risk-free return, the stronger the appeal for capital—this will further compress the performance of risk assets such as the stock market and Crypto.
Let’s take stock of the current $BTC support and resistance levels:
Active Realized Price: $83,050
STH-RP (short-term holder cost): $67,120
Current price: $63,000～$65,000
Realized Price: $52,670
LTH-RP: $49,660
It looks roughly the same as at the beginning of the month.
The closest to the current level is STH-RP ($67,120), which is also the biggest current “resistance level.”
If you’re looking to short, you might want to wait.
Although the current $BTC price looks calm, the higher the risk-free return, the stronger the appeal for capital—this will further compress the performance of risk assets such as the stock market and Crypto.
Let’s take stock of the current $BTC support and resistance levels:
Active Realized Price: $83,050
STH-RP (short-term holder cost): $67,120
Current price: $63,000～$65,000
Realized Price: $52,670
LTH-RP: $49,660
It looks roughly the same as at the beginning of the month.
The closest to the current level is STH-RP ($67,120), which is also the biggest current “resistance level.”
If you’re looking to short, you might want to wait.
