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CryptoQuant analyst Axel posted on social media identifying Bitcoin (BTC) primary support in the $10.6K–$10.7K zone, which aligns with short-term-holder (1–3M) realized price and the 200-day SMA. This technical framing of the Bitcoin support band offers a concrete on-chain and moving-average reference for market participants assessing realized-price pressure and supply concentration.
Axel noted that a breach of that range would likely prompt a retest of the $10K level, consistent with the 365-day SMA, while stressing the broader market structure remains bullish so long as the base holds. Traders should align position sizing and stop placement with these moving-average-based supports to manage downside exposure prudently.
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