CryptoQuant Analyst: The $112,000 to $105,000 range for BTC remains a weak point

ChainCatcher news, CryptoQuant analyst Axel Adler Jr tweeted, "BTC has formed a resistance level at $112,000, which is a good sign. However, the range between $112,000 and $105,000 remains a weak link and acts as a buffer, preventing Bitcoin from experiencing a deeper pullback. STH 1W--1M realized price: $117,000, the entire group is currently in a state of loss, and if there are negative triggering factors, they will panic first. STH realized price: $105,000, this is a strong support area when strong negative news appears."