Wu Shuo learned that Glassnode's latest weekly report pointed out that after Bitcoin rose 23% in the past 21 trading days, it consolidated below the resistance band of 83K to 86K US dollars pointed by multiple independent indicators. On September 3rd, spot prices hit a high point higher than August and stopped at a 1.5% lower edge of the range, falling back to a narrow range below 80K; The long-term holder cost base distribution shows that approximately 1.07 million BTC have hardly moved within the range of 83K to 86K. The derivative clearing heatmap shows that the short clearing intensive area between 82K and 86K has expanded by 21% since August 19th. The comprehensive cost line of US spot ETFs is around 86K and has closed below this level for 228 consecutive trading days. The report states that during this round of resistance band exploration, sellers were significantly absent, and the seller risk ratio dropped to 7 basis points per day, less than half of the peak of 16 basis points in August. The proportion of profits realized by long-term holders decreased from 88% of the peak in August to 47%; The bottom signal has played its role, but the indicator has not yet turned to overheating. The share of altcoins has changed by -0.9 percentage points in the past 90 days, and there has not been a large-scale rotation before reaching its peak. The report suggests that if it continues to close above 86K and the seller's risk ratio is still suppressed, it is confirmed to digest this resistance; If the seller's risk ratio rises above 16 basis points or if the 62K to 65K support is lost, the judgment becomes invalid. https://www. (wublock123.com)/news/news-68176