比特幣 (BTC) 徘徊在 ATH 下方，因為 LTH 在獲利之前發出「信念」信號

隨著比特幣接近歷史高點，比特幣顯示出持續看漲的跡象，即將到來的美國大選也加劇了市場的興奮感。

Bitcoin is on the verge of breaking its all-time high, and the market is feeling the euphoria as BTC approaches a pivotal point. Many are expecting a strong surge once BTC enters price discovery and moves into uncharted territory.

比特幣正處於突破歷史高點的邊緣，隨著比特幣接近關鍵點，市場感到興奮。許多人預計，一旦比特幣進入價格發現階段並進入未知領域，就會出現強勁飆升。

However, critical data from Glassnode reveals an interesting sentiment among long-term holders: despite the rally, they aren’t showing typical signs of greed. Instead, the BTC Net Unrealized Profit/Loss (NUPL) indicator signals “belief,” suggesting confidence in a sustained uptrend without the irrational exuberance often seen at market tops.

然而，Glassnode 的關鍵數據揭示了長期持有者的一種有趣的情緒：儘管價格上漲，但他們並沒有表現出典型的貪婪跡象。相反，BTC 淨未實現損益（NUPL）指標發出「信念」訊號，表明對持續上漲趨勢的信心，而不會出現市場頂部常見的非理性繁榮。

The next few days will be critical for Bitcoin, marking the most crucial moment in this cycle. A decisive break above its all-time high could set off a massive bull run, lifting the entire crypto market.

接下來的幾天對比特幣來說至關重要，標誌著這個週期中最關鍵的時刻。決定性突破歷史高點可能引發大規模多頭市場，從而提振整個加密貨幣市場。

This phase would likely trigger increased demand from retail and institutional investors, fueling momentum for Bitcoin’s next major move. With the market poised at this critical juncture, all eyes are on BTC as it prepares to redefine new highs and potentially kickstart the next wave of the bull market.

這一階段可能引發散戶和機構投資者的需求增加，從而推動比特幣下一步重大趨勢的動力。隨著市場正處於這個關鍵時刻，所有人的目光都集中在比特幣身上，因為它準備重新定義新高，並有可能啟動下一波牛市。

Bitcoin LTHs Want More Upside Before Taking Profits

比特幣 LTH 在獲利之前希望獲得更多上漲空間

Bitcoin is exhibiting signs of a bullish continuation as it approaches its all-time highs, with the upcoming US election adding to the excitement in the market. Top analyst Ali has provided valuable insights based on data from Glassnode, highlighting that long-term BTC holders are not yet displaying signs of greed.

隨著比特幣接近歷史高點，比特幣顯示出持續看漲的跡象，即將到來的美國大選也加劇了市場的興奮感。頂級分析師 Ali 根據 Glassnode 的數據提供了寶貴的見解，強調長期 BTC 持有者尚未表現出貪婪的跡象。

This sentiment is crucial as it indicates the market has not reached a euphoric state that typically precedes a market top.

這種情緒至關重要，因為它表明市場尚未達到通常在市場見頂之前的欣快狀態。

Martinez presented the Bitcoin Net Unrealized Profit/Loss (NUPL) chart, which measures the total paper profits or losses investors hold. Currently, the NUPL indicator is situated in a belief–denial phase, suggesting that the market sentiment is cautious optimism rather than rampant speculation.

馬丁內斯展示了比特幣淨未實現損益（NUPL）圖表，該圖表衡量投資者持有的帳面利潤或損失總額。目前，NUPL指標處於否認階段，顯示市場情緒是謹慎樂觀，而不是猖獗的投機。

This indicates that many investors believe in Bitcoin’s potential for further growth but are not yet fully convinced that a top has been reached. This lack of greed can be interpreted as a positive sign, as it suggests that the current price levels may not yet reflect the full potential of Bitcoin’s upward trajectory.

這表明許多投資者相信比特幣有進一步增長的潛力，但尚未完全相信比特幣已經達到頂峰。這種缺乏貪婪可以被解釋為一個積極的信號，因為它表明當前的價格水平可能尚未反映比特幣上漲軌蹟的全部潛力。

Given this data, the outlook for BTC remains bullish in the coming months. A decisive break above its previous all-time high would likely trigger a wave of buying interest, setting the stage for a significant bull run.

鑑於這些數據，未來幾個月比特幣的前景仍然看漲。決定性突破之前的歷史高點可能會引發一波買盤興趣，為大幅多頭市場奠定基礎。

As the market anticipates these developments, Bitcoin’s ability to maintain its upward momentum while investor sentiment remains grounded will be key in determining the sustainability of this bullish trend. Investors are watching closely as BTC inches closer to this critical juncture, ready for the next chapter in its ongoing journey.

隨著市場預期這些發展，比特幣在投資者情緒保持穩定的情況下保持上漲勢頭的能力將是決定這一看漲趨勢可持續性的關鍵。投資者正在密切關注 BTC 距離這一關鍵時刻的一步之遙，並為其持續旅程的下一章做好準備。

BTC About To Break ATH

BTC即將突破ATH

Bitcoin is holding strong above the $72,000 mark as it strives to break its all-time high at $73,794. The next few days are pivotal, with bullish sentiment prevailing among traders and investors who are optimistic about BTC’s price action. A surge into uncharted territory seems increasingly likely if BTC can maintain its position above the crucial $70,000 threshold.

比特幣目前堅守在 72,000 美元大關之上，力爭突破 73,794 美元的歷史高點。接下來的幾天至關重要，對 BTC 價格走勢持樂觀態度的交易者和投資者普遍看漲情緒。如果 BTC 能夠將其地位維持在關鍵的 70,000 美元門檻之上，那麼進入未知領域的可能性似乎越來越大。

However, the path to this breakout isn’t without risks. The potential for volatile price action remains, as BTC may need to explore lower demand levels to find liquidity before launching another upward move. Such a retracement could temporarily see prices dip below $70,000, but it would strengthen the bullish structure by allowing the asset to gather momentum for a sustained rally.

然而，這種突破之路並非沒有風險。價格波動的可能性仍然存在，因為比特幣可能需要探索較低的需求水平以找到流動性，然後再發起另一次上漲。這種回撤可能會導致價格暫時跌破 7 萬美元，但它將透過讓資產積聚持續上漲的動力來強化看漲結構。

The market dynamics suggest that if BTC can consolidate above these key levels, a push beyond the previous all-time high could soon occur. Traders closely monitor price movements and are ready to capitalize on any signs of strength that may signal a new bullish phase for BTC. As the market evolves, caution and optimism will be crucial in navigating Bitcoin’s next moves.

市場動態表明，如果比特幣能夠在這些關鍵水平之上盤整，那麼很快就會突破先前的歷史高點。交易員密切關注價格走勢，並準備利用任何可能預示比特幣新看漲階段的走強跡象。隨著市場的發展，謹慎和樂觀對於引導比特幣的下一步趨勢至關重要。