比特幣（BTC）模仿過去的ATH趨勢，指出$ 97.5K是維持看漲勢頭的關鍵支持水平：分析師Ali

加密分析師阿里（Ali）指出，比特幣的潛在支持水平為97,530美元，是維持當前看漲勢頭的關鍵。

A crypto analyst, Ali, highlights Bitcoin’s crucial support level at $97,530 for maintaining the current bull run.

一名加密分析師Ali強調了比特幣的關鍵支持水平，以維持當前的牛跑。

Bitcoin (BTC) price has been trading within a tight range following a new all-time high (ATH) at $109K on Jan. 20, and is now changing hands at $105,128.95 on Jan. 24, showing a 3.5% decrease from the previous high, according to CoinMarketCap.

1月20日新的歷史最高水平（ATH）以109K美元的新高（ATH）之後，比特幣（BTC）的價格一直在緊縮範圍內，現在1月24日以105,128.95美元的價格易手，顯示出比以前的3.5％下降3.5％根據CoinMarketCap的說法高。

Understanding Bitcoin’s support level

了解比特幣的支持水平

In crypto trading, support levels are an important price point, where buying demand usually increases. Should BTC remain above this significant threshold, it may continue its trajectory upward, with investors feeling confident in this bullish decision. This level is a key litmus test of BTC’s market strength during volatility.

在加密交易中，支持水平是重要的價格，購買需求通常會增加。如果BTC仍然超過這一重大閾值，它可能會繼續向上軌跡，投資者對這個看漲的決定充滿信心。該水平是對波動率期間BTC市場強度的關鍵試石測試。

As posted by analyst Ali, the UTXO Realized Price Distribution (URPD) informs traders of where Bitcoin holders purchased their BTC or last moved their BTC. It indicates the number of BTC that have last moved to wallets priced at various price levels.

正如分析師Ali發布的那樣，UTXO實現了價格分配（URPD），將比特幣持有人購買其BTC或上次移動BTC的位置。它表明BTC的數量上次移至以不同價格水平的錢包。

At $97,530, the URPD chart shows a cluster of activity, which means many investors bought or are sitting on a holding of BTC around this level. Strong buying interest at this level reinforces its role as a psychological and technical support.

URPD圖表以97,530美元的價格顯示了一系列活動，這意味著許多投資者在此級別上購買或坐在BTC上。在此級別上，強烈的購買興趣加強了其作為心理和技術支持的作用。

Bitcoin mimicking past ATH trend

比特幣模仿過去的ATH趨勢

The behavior around $97,530 mimics that seen in previous ATH consolidation phases for BTC. As with prior cycles, the price is stabilizing near a supportive zone with the potential for an upside. This level showed strong buyer confidence, though there are some light pullbacks.

BTC以前的ATH合併階段中看到的$ 97,530的行為。與先前的周期一樣，價格在支撐區附近穩定，具有上升空間的可能性。儘管有一些輕鬆的回調，但該水平表現出強烈的買家信心。

Analyzing sell-side risk of Bitcoin

分析比特幣的賣方風險

The Sell-Side Risk Ratio, which measures the pressure from investors who are liquidating holdings, has declined as the amount of BTC sent to exchanges for sale has fallen. Such diminishing sell-side pressure is bolstering the current price stability of BTC.

衡量清算股份的投資者的壓力的賣方風險比率已下降，因為發送到出售交易的BTC金額已下降。如此減少的賣方壓力加強了BTC當前的價格穩定性。

Glassnode also highlights shrinking volatility metrics, with BTC trading in an exceptionally narrow 60-day price range, which is often a precursor to significant market events.

GlassNode還突出了縮小的波動指標，BTC的交易處於異常狹窄的60天價格範圍，這通常是重大市場事件的前身。

Will Bitcoin sustain the bull run?

比特幣會維持公牛奔跑嗎？

To reiterate crypto analyst Ali, the ongoing bull run will largely depend on whether BTC can maintain its key support level at $97,530. On-chain fundamental data confirms diminished sell-side pressure and consistent accumulation by long-term holders as indicators that the market is in a solid position to sustain upward movement.

為了重申加密分析師阿里（Ali），正在進行的公牛運行將在很大程度上取決於BTC是否可以將其關鍵支持水平保持在97,530美元。鏈上的基本數據證實，賣方壓力減少了，長期持有人的積累一致，這是市場處於穩固的位置以維持向上移動的穩定地位。

Long-term #Bitcoin $BTC holders have experienced every phase of the market cycle, and right now, greed is taking over! pic.twitter.com/2RL6clWLOZ

長期#bitcoin $ btc持有人已經體驗了市場週期的每個階段，而現在，貪婪正在接管！ pic.twitter.com/2rl6clwloz

If this level is maintained as support, then BTC could see a retest and a new market peak towards its former all-time high, boosting the ongoing bullish run. However, failing to hold $97,530 could introduce risks to the bull run.

如果該水平得到支持，那麼BTC可能會看到重新測試和新的市場達到其以前的歷史最高水平，從而提高了正在進行的看漲奔跑。但是，未能持有$ 97,530可能會給公牛跑帶來風險。