比特幣（BTC）攀升至8.5萬美元以上，但交換流入引起了擔憂

經過數週的銷售壓力和投資者焦慮，比特幣開始顯示出恢復的跡象。關鍵技術水平已被收回，整體市場情緒似乎正在轉移

Bitcoin (BTC) price has begun to show signs of recovery in recent weeks, as the cryptocurrency faces persistent selling pressure and investor anxiety. Key technical levels have been reclaimed, and the overall market sentiment appears to be shifting from extreme fear to cautious hope.

比特幣（BTC）的價格已經開始在最近幾週內顯示出恢復的跡象，因為加密貨幣面臨著持續的銷售壓力和投資者的焦慮。關鍵的技術水平已被收回，整體市場情緒似乎正在從極端的恐懼轉變為謹慎的希望。

As BTC now trades above the crucial $85,000 mark, bulls are slowly stepping back into the game. But they still face a significant hurdle: reclaiming $90,000 to confirm a full-scale recovery rally. This move will be critical, as it could determine whether Bitcoin continues to rise or plummet deeper into correction territory.

隨著BTC現在的交易高於至關重要的$ 85,000大關，公牛隊正在慢慢回到比賽中。但是他們仍然面臨一個重大障礙：收回90,000美元以確認全面的恢復集會。這一舉動將是至關重要的，因為它可以確定比特幣是否繼續升起還是更深地進入更正領域。

Despite the recent rebound, uncertainty remains. According to fresh on-chain data from Santiment, 5,186 BTC were just transferred to exchanges a few hours ago.

儘管最近有反彈，但仍然存在不確定性。根據Santiment的新鮮鏈上數據，幾個小時前僅轉移到5186 BTC。

This is a massive amount of coins, and historically, such large inflows to exchanges have often been followed by heightened volatility. Usually, when a large sum of coins is deposited to exchanges, it signals an increase in potential sell-side pressure.

這是大量的硬幣，從歷史上看，如此大量的交流流入通常會增加波動性。通常，當大量硬幣沉積到交換中時，它表明潛在的賣方壓力增加。

This movement could either trigger a brief pullback before a breakout or stall the current momentum if sellers overwhelm buyer demand. As the market watches for the next major move, the coming days will be critical for Bitcoin’s short-term trend. Reclaiming $90K would likely ignite a bullish push, while another rejection could shake investor confidence.

如果賣家壓倒買家的需求，這項運動可能會在突破之前引發短暫的回調，或者停滯當前的動力。由於市場對下一步的重大行動保持警惕，未來幾天對於比特幣的短期趨勢至關重要。收回$ 90K可能會激發看漲的推動力，而另一項拒絕可能會動搖投資者的信心。

Either way, the transfer activity and ongoing price battle suggest volatility is far from over.

無論哪種方式，轉移活動和持續的價格戰都表明波動遠遠沒有結束。

Bitcoin Surpasses $85K as Exchange Inflows Arise

隨著交換流入的出現，比特幣超過$ 85K

Bitcoin price has quietly surged in recent days, reclaiming levels above $85,500 as bulls attempt to ignite a recovery rally. This movement comes after weeks of sideways trading and uncertainty that followed Bitcoin’s steep decline from its all-time high in January.

最近幾天，比特幣價格悄悄地飆升，由於公牛試圖點燃恢復集會，因此收回了高於85,500美元的水平。這項運動是在比特幣在一月份的歷史最高水平下急劇下降之後進行了數週的側向交易和不確定性之後進行的。

The broader crypto market has also been struggling, largely due to growing trade war fears and erratic economic policy decisions by U.S. President Donald Trump. These macroeconomic concerns have pushed investors into risk-off mode, adding pressure to both crypto and equities.

更廣泛的加密貨幣市場也一直在掙扎，這主要是由於貿易戰的恐懼和美國總統唐納德·特朗普（Donald Trump）的不穩定的經濟政策決定。這些宏觀經濟的關注使投資者陷入了風險模式，為加密和股票增加了壓力。

While the latest price action offers hope for a potential rebound, sentiment remains cautious. Many analysts argue that Bitcoin may have already topped at $109K and is warning of a possible 6 to 12-month bear market.

儘管最新的價格動作為潛在的反彈帶來了希望，但情緒仍然謹慎。許多分析人士認為，比特幣可能已經以109k的價格高高了，並警告了可能的6到12個月的熊市。

Although Bitcoin’s bounce above $86K is a positive sign, the move lacks strong volume and conviction, which makes bulls vulnerable to renewed selling.

儘管比特幣的反彈超過$ 86K是一個積極的信號，但此舉缺乏強勁的數量和信念，這使得公牛很容易受到新銷售的影響。

Adding to the uncertainty, top analyst Ali Martinez shared on-chain data from Santiment revealing that 5,186 BTC were transferred to exchanges just hours ago. This is often seen as a bearish signal, suggesting that holders may be preparing to sell.

除了不確定性外，頂級分析師阿里·馬丁內斯（Ali Martinez）共享了santiment的鏈上數據，發現僅數小時前就將5186個BTC轉移到了交流中。這通常被視為看跌信號，表明持有人可能正在準備出售。

If these coins hit the market, it could dampen the ongoing recovery effort and reinforce bearish momentum.

如果這些硬幣投放市場，它可能會削弱持續的恢復工作並增強看跌勢頭。

In the short term, Bitcoin must reclaim $90K to flip sentiment and confirm the start of a sustainable uptrend. Until then, exchange activity and macroeconomic headwinds will continue to drive price volatility.

在短期內，比特幣必須收回$ 90K的票數以翻轉情緒，並確認可持續性上升趨勢的開始。在此之前，交換活動和宏觀經濟的逆風將繼續推動價格波動。

BTC Price Faces Key Resistance at $88K

BTC價格面對8.8萬美元的關鍵阻力

Bitcoin is currently trading at $87,400 after successfully pushing above both the 200-day moving average (MA) and exponential moving average (EMA), signaling short-term strength. Bulls are now attempting to reclaim the $88,000 level—a crucial resistance point that stands between the current range and a full recovery toward $90K.

在成功推動200天移動平均線（MA）和指數移動平均線（EMA）（信號短期強度）之後，比特幣目前的交易價格為87,400美元。公牛現在正試圖恢復88,000美元的水平，這是一個關鍵的阻力點，介於當前範圍和完全恢復到9萬美元之間。

If Bitcoin manages to break through and hold above $88K, a rally toward the $90K mark could follow swiftly, reinforcing bullish momentum and restoring confidence among market participants.

如果比特幣設法突破並持有超過8.8萬美元，那麼朝著$ 90K的大關的集會可能會迅速遵循，增強了看漲的勢頭，並恢復了市場參與者的信心。

However, the challenge ahead is significant. The $88K–$90K zone remains heavily defended by sellers, and any sign of weakness could shift momentum back to the bears. The $85,500 level—where the 200-day MA and EMA currently sit—has now become critical support. Losing this level would invalidate the recent bullish push and expose BTC to a deeper retracement.

但是，即將面臨的挑戰是巨大的。售價為8.8千 - $ 90K的區域仍然受到賣家的嚴重防禦，任何弱點的跡像都可能將動量轉移到熊隊。 $ 85,500的水平（目前為200天的MA和EMA）現在已成為關鍵的支持。失去這一水平將使最近的看漲推動力無效，並使BTC更深入地回撤。

Should price fall below $85,500, the next key area of support lies around the $80K mark. A breakdown below that threshold could trigger a sharp decline and reinforce fears of a prolonged correction. As traders monitor price action closely, the next few sessions could determine whether Bitcoin is preparing for a breakout—or bracing for a new wave of selling pressure.

如果價格低於$ 85,500，支持的下一個關鍵領域就在$ 80K大關左右。低於該閾值的故障可能會引發急劇下降，並加劇對長時間糾正的擔憂。當交易者密切監視價格行動時，接下來的幾個會議可以確定比特幣是否正在為突破做準備，還是為新的銷售壓力做好準備。