Analysis: Bitcoin has not yet broken through the key resistance level, and the behavior of short-term holders may determine the trend

Crypto analyst Ali said on social platform X that Bitcoin is currently facing a key price resistance level. Ali emphasized that the Short-Term Holder Realized Price is currently around $63,250, a level that BTC has struggled to break above since June 22. Ali explains that in downtrends, this price level often acts as resistance, as short-term holders are more inclined to sell when the price falls below the entry point. Analysts warn that the market may face continued selling pressure until BTC reconverts this area into support.