比特幣（BTC）分析師在近期宏觀引發的衝擊後轉向看跌，但基本面依然強勁

比特幣 (BTC) 從 11 月初開始出現爆炸性勢頭。截至 12 月 4 日，領先的加密貨幣創下歷史新高——歷史上首次收在 10 萬美元以上。

Bitcoin (BTC) price action appeared to lose steam last week as the cryptocurrency failed to break past the $100,000 price level. However, BTC managed to eke out a gain of 0.78% over the past seven trading days.

比特幣 (BTC) 上週的價格走勢似乎失去了動力，因為加密貨幣未能突破 10 萬美元的價格水平。然而，BTC 在過去 7 個交易日中勉強上漲了 0.78%。

In turn, the flagship digital asset outperformed 75% of the top 100 cryptocurrencies by market capitalization over a one-year period. BTC also closed in on a gain of 128.02% year-to-date (YTD) at press time.

反過來，這項旗艦數位資產在一年內的表現優於按市值計算的前 100 種加密貨幣中的 75%。截至發稿時，BTC 今年迄今 (YTD) 的漲幅也達到了 128.02%。

Despite the recent pullback, BTC price action appeared to be largely bullish throughout 2025. The cryptocurrency rallied by over 1,000% since January 1 and hit a new all-time high of $104,000 on December 4.

儘管最近出現回調，但 BTC 的價格走勢在 2025 年似乎基本上看漲。

However, the Federal Reserve announced on December 15 that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback. On December 20, as much as $310 billion in value stored in digital assets was erased.

然而，聯準會12月15日宣布2025年僅降息兩次，股市和加密貨幣市場立即出現回檔。 12 月 20 日，數位資產中儲存的價值高達 3,100 億美元被刪除。

Several cryptocurrency researchers and analysts remained bullish on BTC in the long term. However, the recent macro-induced price drop sparked a wave of concern that the premier digital asset could see a steep correction before resuming its upward trajectory.

從長遠來看，一些加密貨幣研究人員和分析師仍然看好比特幣。然而，最近宏觀引發的價格下跌引發了人們的擔憂，人們擔心這種主要的數位資產在恢復上行軌跡之前可能會大幅調整。

Here's a closer look at the BTC price performance over the past week, as well as an analysis of the factors that could be influencing the upcoming price action.

以下是對過去一周 BTC 價格表現的仔細觀察，以及對可能影響即將到來的價格走勢的因素的分析。

Cryptocurrency market analysis

加密貨幣市場分析

CryptoSlate tracks key metrics such as price performance, trading volume, and market capitalization to provide a holistic overview of the cryptocurrency market.

CryptoSlate 追蹤價格表現、交易量和市值等關鍵指標，以提供加密貨幣市場的整體概覽。

CryptoSlate provides a snapshot of the market performance over the past seven trading days. The total market capitalization increased by 0.4%, with a total 7-day trading volume of $344.9 billion.

CryptoSlate 提供了過去 7 個交易日的市場表現快照。總市值成長0.4%，7天總成交量為3,449億美元。

Bitcoin price analysis

比特幣價格分析

BTC price action appeared to lose steam last week as the cryptocurrency failed to break past the $100,000 price level. However, BTC managed to eke out a gain of 0.78% over the past seven trading days.

由於加密貨幣未能突破 10 萬美元的價格水平，上週 BTC 的價格走勢似乎失去了動力。然而，BTC 在過去 7 個交易日中勉強上漲了 0.78%。

In turn, the flagship digital asset outperformed 75% of the top 100 cryptocurrencies by market capitalization over a one-year period. BTC also closed in on a gain of 128.02% year-to-date (YTD) at press time.

反過來，這項旗艦數位資產在一年內的表現優於按市值計算的前 100 種加密貨幣中的 75%。截至發稿時，BTC 今年迄今 (YTD) 的漲幅也達到了 128.02%。

Despite the recent pullback, BTC price action appeared to be largely bullish throughout 2025. The cryptocurrency rallied by over 1,000% since January 1 and hit a new all-time high of $104,000 on December 4.

儘管最近出現回調，但 BTC 的價格走勢在 2025 年似乎基本上看漲。

The price of Bitcoin (BTC) has been on a roller coaster ride in recent months, hitting a new all-time high of $104,000 on December 4. However, the cryptocurrency’s price took a nosedive on December 20 after the Federal Reserve announced that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback. On December 20, as much as $310 billion in value stored in digital assets was erased.

近幾個月來，比特幣(BTC) 的價格經歷了過山車式的波動，於12 月4 日創下了104,000 美元的歷史新高。加密貨幣的價格暴跌。 12 月 20 日，數位資產中儲存的價值高達 3,100 億美元被刪除。

Several cryptocurrency researchers and analysts remained bullish on BTC in the long term. However, the recent macro-induced price drop sparked a wave of concern that the premier digital asset could see a steep correction before resuming its upward trajectory.

從長遠來看，一些加密貨幣研究人員和分析師仍然看好比特幣。然而，最近宏觀引發的價格下跌引發了人們的擔憂，人們擔心這種主要的數位資產在恢復上行軌跡之前可能會大幅調整。

Here’s a closer look at the BTC price performance over the past week, as well as an analysis of the factors that could be influencing the upcoming price action.

以下是對過去一周 BTC 價格表現的仔細觀察，以及對可能影響即將到來的價格走勢的因素的分析。

Relative strength index (RSI)

相對強弱指數（RSI）

The RSI is a technical analysis indicator that measures the magnitude of recent price changes to determine whether an asset is overbought or oversold. An RSI reading above 70 usually indicates an overbought condition, while a reading below 30 typically indicates an oversold condition.

RSI是一種技術分析指標，衡量近期價格變化的幅度，以確定資產是否超買或超賣。 RSI 讀數高於 70 通常表示超買狀況，而讀數低於 30 通常表示超賣狀況。

The RSI for BTC on the 4-hourの時間枠 stood at 49.9 at press time, indicating neutral price momentum. The RSI has been trending sideways over the past week, with a slight uptick on December 25.

截至發稿時，BTC 4 小時的 RSI 為 49.9，顯示價格動能中性。 RSI 過去一週呈現橫盤趨勢，12 月 25 日小幅上漲。

Bollinger Bands

布林線

Bollinger Bands are a technical analysis indicator that measures the volatility of an asset’s price. The bands are typically plotted two standard deviations away from a simple moving average (SMA) of the asset’s closing price over a specified period of time.

布林線是衡量資產價格波動性的技術分析指標。這些帶通常繪製為與指定時間段內資產收盤價的簡單移動平均線 (SMA) 相差兩個標準差。

The Bollinger Bands for BTC on the 4-hourの時間枠 were converging at press time, indicating a period of low volatility. The upper Bollinger Band was situated at the 99,240 price level, while the lower Bollinger Band was positioned at the 92,143 price level.

截至發稿時，BTC 4 小時布林通道正在收斂，顯示波動性較低。布林通道上軌位於99,240價位，而布林通道下軌則位於92,143價位。

Ichimoku Cloud

一目雲

The Ichimoku Cloud

一目均衡表雲