# resistance

Multi-week #Consolidation can precede short-term relief rallies despite weak buy-side liquidity . Key resistance gauge 1W–1M #ShortTermHolder cost basis sits near $70K
±2% zone around this level $68.5K–$71.5K acts as major #Resistance and distribution zone recent buy#ers likely to exit near breakeven, capping any near-term recovery👀
#CrudeOilPriceRose

$BTC struggling to close weekly above $70K as major #Resistance builds.
On-chain data shows 30D SMA #RealizedProfit falling 63% to about $370M daily — the weakest since Aug 2024.
Momentum fading with ongoing #Consolidation until stronger buyers return.