隨著市場情緒和價格相關性測試關鍵水平，比特幣（BTC）等待決定性舉措

比特幣目前正在測試需求低於 9.5 萬美元大關，這是一個可以為下一次反彈提供所需燃料的關鍵水平。

Bitcoin price is currently testing demand below the $95K mark, a crucial level that could provide the fuel needed for the next rally.

比特幣價格目前正在測試低於 9.5 萬美元大關的需求，這是一個可以為下一次反彈提供所需燃料的關鍵水平。

While this consolidation phase has left many investors nervous about a potential deeper correction, some even speculating that BTC may have already peaked, key metrics paint a more optimistic picture.

儘管這一盤整階段讓許多投資者對潛在的進一步調整感到緊張，有些人甚至猜測比特幣可能已經見頂，但關鍵指標描繪了一幅更樂觀的景象。

CryptoQuant analyst Axel Adler recently shared a compelling chart showing the market sentiment and price correlation, offering valuable insights into the market’s current state. According to Adler, the market will become overheated only when the index featured in the chart reaches the 95th percentile—a level that historically signals the beginning of a correction phase. Encouragingly, the market remains well below this threshold, suggesting there is still room for further upside before hitting critical resistance.

CryptoQuant 分析師 Axel Adler 最近分享了一張引人注目的圖表，顯示了市場情緒和價格相關性，為市場當前狀態提供了寶貴的見解。阿德勒認為，只有當圖表中的指數達到第 95 個百分位數時，市場才會變得過熱——這個水準在歷史上標誌著修正階段的開始。令人鼓舞的是，市場仍遠低於這一門檻，顯示在觸及關鍵阻力位之前仍有進一步上漲的空間。

This analysis aligns with the broader sentiment among long-term investors, who view the current consolidation as a healthy pause in Bitcoin’s upward trajectory. As BTC holds above key support levels, all eyes are on its ability to break back above $95K and reclaim the psychological $100K mark, potentially setting the stage for another significant rally.

這項分析與長期投資者的廣泛情緒一致，他們認為當前的盤整是比特幣上行軌跡的健康暫停。隨著 BTC 保持在關鍵支撐位上方，所有人的目光都集中在能否突破 9.5 萬美元並收復 10 萬美元心理關口，這可能為另一次大幅上漲奠定基礎。

Bitcoin Awaiting Decisive MoveAfter weeks of consolidation below the pivotal $100K mark, Bitcoin is finding strong demand above the $92K level, signaling resilience amidst market uncertainty. Analysts are closely monitoring this level as BTC approaches a critical juncture, with expectations for a decisive move. Whether the price breaks above $100K or dips below $90K remains to be seen, but the stakes are high as investors prepare for significant volatility.

比特幣正在等待決定性的舉動 在 10 萬美元關鍵關口下方盤整數週後，比特幣在 9.2 萬美元上方發現了強勁的需求，這表明比特幣在市場不確定性中具有彈性。隨著比特幣接近關鍵時刻，分析師正在密切關注這一水平，並預計將採取決定性舉措。價格是否突破 10 萬美元或跌破 9 萬美元仍有待觀察，但隨著投資者為大幅波動做好準備，風險很高。

Adler recently shared insightful data and analysis, highlighting key metrics that should be monitored throughout the year to anticipate market shifts. Adler revealed that the market will reach an overheated state when the Market Sentiment and Price Correlation index climbs to the 95th percentile. Historically, this level has signaled the onset of major corrections, making it a crucial threshold to watch.

阿德勒最近分享了富有洞察力的數據和分析，強調了全年應監控的關鍵指標，以預測市場變化。 Adler透露，當市場情緒和價格相關指數攀升至95%時，市場將達到過熱狀態。從歷史上看，這一水準預示著重大調整的開始，使其成為值得關注的關鍵門檻。

Adler emphasizes three key indicators to monitor as the index approaches this critical level: Long-Term Holder (LTH) sales, ETF outflows, and investor behavior concerning MicroStrategy (MSTR) shares. These signals, when aligned, are likely to mark the beginning of a correction phase. For now, Bitcoin remains in a holding pattern, with strong demand propping up its price, but the next major move could set the tone for the rest of the year.

Adler 強調，當指數接近這一關鍵水平時，需要監控三個關鍵指標：長期持有者 (LTH) 銷售、ETF 流出以及有關 MicroStrategy (MSTR) 股票的投資者行為。這些訊號一旦對齊，很可能標誌著修正階段的開始。目前，比特幣仍處於持有狀態，強勁的需求支撐著其價格，但下一個重大舉措可能會為今年剩餘時間定下基調。

Critical Levels To WatchBitcoin is currently trading at $94,500, holding above key support but facing challenges to regain bullish momentum. For the bulls to take control, reclaiming the $95,000 mark is the first step. However, this alone won’t suffice. To confirm a sustained uptrend, BTC must push above the $98,000 and $100,000 levels in the coming days.

值得關注的關鍵水平比特幣目前交易價格為 94,500 美元，保持在關鍵支撐位之上，但面臨重獲看漲勢頭的挑戰。對於多頭來說，奪回 95,000 美元大關是第一步。然而，僅此還不夠。為了確認持續的上升趨勢，比特幣必須在未來幾天突破 98,000 美元和 100,000 美元的水平。

The $100K level remains a psychological and technical barrier. Breaking above it is critical, but to solidify the uptrend, Bitcoin must hold above this mark for several days. A sustained presence above $100K would provide confidence to market participants and signal the continuation of the bullish structure.

10 萬美元水準仍然是一個心理和技術障礙。突破該水平至關重要，但為了鞏固上升趨勢，比特幣必須在幾天內保持在該水平之上。持續高於 10 萬美元將為市場參與者提供信心，並標誌著看漲結構的持續。

On the flip side, failure to reclaim these crucial levels could result in further downside. If BTC struggles to move past the $95,000 mark and fails to retake the $98K and $100K levels, a drop below the $92,000 support becomes increasingly likely. Such a scenario would expose Bitcoin to deeper corrections, potentially targeting the $85,000 demand zone.

另一方面，未能恢復這些關鍵水平可能會導致進一步的下行。如果 BTC 難以突破 95,000 美元大關，並且未能重新回到 98,000 美元和 100,000 美元水平，那麼跌破 92,000 美元支撐位的可能性就會越來越大。這種情況將使比特幣面臨更深層的調整，可能會瞄準 85,000 美元的需求區域。

The next few days will be pivotal as BTC navigates a tight trading range. Whether bulls can reclaim control or bears push prices lower will set the tone for the weeks ahead.

未來幾天將是關鍵的幾天，因為比特幣將在狹窄的交易區間內徘徊。多頭是否能奪回控制權，或者空頭是否會壓低價格，將為未來幾週定下基調。

Featured image from Dall-E, chart from TradingView

精選圖片來自 Dall-E，圖表來自 TradingView