比特幣（BTC）處於關鍵時刻，公牛隊努力收回價格高於$ 85K的價格

比特幣處於關鍵時刻，公牛隊努力將價格高出85,000美元，而熊未能將BTC提高到8.80K以下。市場上的猶豫不決

U.S. President Trump’s macroeconomic uncertainty and erratic decisions continue to fuel market volatility, creating aggressive price swings across crypto and U.S. stock markets.

美國總統特朗普的宏觀經濟不確定性和不穩定的決定繼續助長市場的波動，從而在加密貨幣和美國股市中創造了積極的價格波動。

As Bitcoin (BTC) struggles to break out of a tight range, macroeconomic uncertainty and U.S. President Trump’s decisions are closely followed for clues on market direction.

隨著比特幣（BTC）努力擺脫嚴密的範圍，宏觀經濟的不確定性和美國總統特朗普的決定受到了市場指導的線索的嚴格遵循。

CryptoQuant’s latest analysis delves into a technical indicator that could decide Bitcoin’s next move.

CryptoQuant的最新分析探討了可以決定比特幣的下一步行動的技術指標。

Bitcoin UTXO Block P/L Count Ratio Model Is At 50.2

比特幣UTXO塊P/L計數比率模型為50.2

According to CryptoQuant’s latest insights, the Bitcoin UTXO Block P/L Count Ratio Model is currently at 50.2. This metric measures how many recent BTC transactions are occurring at a profit versus a loss, providing valuable data for gauging market sentiment and potential reversals.

根據CryptoQuant的最新見解，比特幣UTXO塊P/L計數比率模型目前為50.2。該指標衡量了以利潤與損失的近期BTC交易的數量，為衡量市場情緒和潛在逆轉提供了寶貴的數據。

When the P/L Count Ratio is high, it indicates that more transactions are being made at a profit, suggesting strong bullish sentiment and the potential for further price increases. Conversely, a low P/L Count Ratio signals that a greater portion of transactions are resulting in losses, which could be a sign of bearish pressure and potential market weakness.

當P/L計數比率很高時，這表明正在獲利的更多交易，表明強烈的看漲情緒和進一步價格上漲的可能性。相反，較低的P/L計數比率表明，更多的交易導致損失，這可能是看跌壓力和潛在市場弱點的跡象。

CryptoQuant's analysis reveals that if this indicator drops by just 30 points, it would reach levels observed during previous cycle corrections.

加密的分析表明，如果此指標下降僅30點，則將達到在上一個週期校正期間觀察到的水平。

One notable instance was in July 2021 when Bitcoin experienced a downturn following China’s mining ban, marking the final stage of a major downtrend before a swift recovery.

一個值得注意的例子是在2021年7月，當時比特幣在中國的採礦禁令後經歷了下滑，標誌著在迅速恢復之前的重大趨勢的最後階段。

After falling from highs above $69K to lows around $28K in March 2020, Bitcoin experienced a strong recovery, eventually surpassing $69K again in August 2021. However, this recovery was interrupted by China’s complete ban on cryptocurrency mining in July 2021, leading to another leg down.

在2020年3月的高價跌至28,000美元左右的低點之後，比特幣經歷了強勁的恢復，最終在2021年8月再次超過了69,000美元。但是，由於中國在2021年7月對加密貨幣挖掘的完全禁令中斷了這種恢復，導致了另一隻腿。

Despite the setback, Bitcoin managed to recover quickly from the July 2021 lows, rising back above $40K in September 2021. This recovery was fueled by a drop in the Bitcoin UTXO Block P/L Count Ratio Model to 19.2, a level that had previously signaled the bottom during the March 2020 crypto crash.

儘管遇到了挫折，但比特幣還是從2021年7月的低點中迅速恢復，在2021年9月的$ 40K上升到了4萬美元以上。這次恢復是由於比特幣UTXO塊P/L計數比率下降的推動了19.2，此前在2020年3月在2020年3月的Crypto撞車事故中以前曾表示底層。

As this indicator dropped below 20, it coincided with the final stage of the 2021 cycle correction, setting the stage for a swift recovery in the latter half of 2021.

由於該指標下降到20以下，它與2021循環校正的最後階段相吻合，這為2021年後半段迅速恢復奠定了基礎。

Bitcoin Still Down 29% From ATH

比特幣仍然從ATH下降29％

Bitcoin’s downtrend accelerated after failing to maintain the $100K level, confirming a bearish trend with a decisive break below $90K.

比特幣的下降趨勢在未能維持10萬美元的水平後加速了，這證實了看跌趨勢的果醬趨勢低於$ 90k。

From its all-time high of $109K reached in January, Bitcoin has declined by over 29%, leaving investors searching for signs of a bottom and a potential recovery.

從一月份到達的歷史最高售價為10.9萬美元，比特幣下降了29％以上，使投資者在尋找底部的跡象和潛在的恢復跡象。

Adding to the uncertainty in the market are ongoing trade war tensions between the U.S. and major global economies, including Europe, China, and Canada. These geopolitical events have implications for macroeconomic stability and could influence investor risk appetite.

市場上的不確定性加劇了美國與包括歐洲，中國和加拿大在內的主要全球經濟體之間的貿易戰緊張局勢。這些地緣政治事件對宏觀經濟穩定有影響，並可能影響投資者的風險食慾。

Moreover, macroeconomic instability, evident in tight monetary policies and rising inflation concerns, has contributed to increased volatility in risk assets like crypto and U.S. stocks.

此外，宏觀經濟的不穩定在嚴格的貨幣政策和通貨膨脹問題上明顯，導致了加密貨幣和美國股票等風險資產的波動增加。

In the present market conditions, investors are closely following technical indicators and macroeconomic data to anticipate Bitcoin’s next move, which could have broader implications for the crypto sphere.

在當前的市場條件下，投資者緊密遵循技術指標和宏觀經濟數據，以預測比特幣的下一步行動，這可能對加密球體具有更大的影響。