The Short-Term Holders (STH) Strike Price is an important level for Bitcoin price action. In particular, the 1M-3M strike price acts as a key support and resistance zone for the medium term, while the 1W-1M strike price reflects short-term trends.

Over the past year, the 1M-3M strike price has consistently supported Bitcoin. Historically, when the gap between the 1W-1M and 1M-3M ranges widens, Bitcoin price tends to consolidate or correct before these ranges converge again.

Bitcoin is currently facing resistance at the 1W-1M level. However, the convergence of these ranges opens up opportunities for medium-term accumulation. It is important to watch this pattern, considering both short-term corrections and potential upward momentum.