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The Short-Term Holder (STH) cohort includes investors who acquired coins within the last 155 days. Their average acquisition price acts as resistance in bearish trends and support in bullish trends. This week, Bitcoin dipped below the STH Cost Basis at $59.8k, found support, and rallied. Retests of the STH Cost Basis are common in uptrends and are key levels to watch for potential inflection points.

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#BITCOIN DAILY TF UPDATE : #BITCOIN on Daily TF, moved up with the strong move after the fakeout. On HTF, its more looks like a large range, and this was leading towards the Mid-Term Rally in alts both sides. Right now, not expecting much from here as price is in the middle. Weekly closing will play important role for the market.

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