比特幣 (BTC) 價格分析：BTC 選擇權到期與下跌同時發生，4 小時圖表上形成阻力

比特幣在本週稍早預計復甦反彈後，昨天收盤下跌-3.63%。此次下跌恰逢 Deribit 價值 145 億美元的 BTC 選擇權到期

Bitcoin price dropped further on Friday, as the promising recovery bounce seen earlier this week stalled. This decline coincides with the expiration of $14.5 billion in BTC options on Deribit, with a max pain price of $85,000.

由於本週早些時候出現的有希望的復甦反彈陷入停滯，比特幣價格在周五進一步下跌。此次下跌恰逢 Deribit 上 145 億美元的 BTC 選擇權到期，最高痛苦價格為 85,000 美元。

While these expirations could explain part of the drop, they don't fully account for the lackluster performance.

雖然這些到期可以解釋部分下降的原因，但它們並不能完全解釋表現不佳的原因。

The 4-hour chart reveals newly formed resistance, with RSI breaking support and OBV remaining flat. Volume is also significantly below levels seen weeks ago. Without a strong short-term trend or volume, Bitcoin's price action remains uninspiring. The daily time frame mirrors these struggles, with RSI and OBV underperforming and a potential red TBO Cross Down forming on today's candle, though it's too early to confirm.

4小時圖顯示新形成的阻力，RSI突破支撐，OBV保持持平。成交量也明顯低於幾週前的水準。如果沒有強勁的短期趨勢或交易量，比特幣的價格走勢仍然平淡無奇。每日時間框架反映了這些掙扎，RSI 和 OBV 表現不佳，今天的蠟燭上可能形成紅色 TBO 交叉下行，儘管現在確認還為時過早。

Bitcoin's inability to break above the 1.618 Fibonacci extension from the March top highlights its current struggle. However, it has yet to close below this level, maintaining some hope for support.

比特幣無法突破 3 月頂部的 1.618 斐波那契延伸線，凸顯了其當前的困境。然而，它尚未收於該水平下方，仍保留一些支撐希望。

Meanwhile, Ethereum's situation appears weaker, as it failed to breach the top of its daily TBO Cloud and remains stuck in bearish consolidation. Volume for ETH has also dried up, and the daily TBO Slow line has flattened, further dampening its outlook.

與此同時，以太坊的情況似乎較弱，因為它未能突破每日 TBO 雲的頂部，並仍陷入看跌盤整之中。 ETH 的交易量也已經枯竭，每日 TBO 慢速線已經趨於平緩，進一步削弱了其前景。

Dominance Levels and Mixed Crypto Signals

主導水平和混合加密訊號

Stablecoin dominance popped back inside its daily TBO Cloud, with the cloud turning grey, signaling potential consolidation rather than bearish continuation. This shift dampens hopes for a swift return to a greed-driven market.

穩定幣的主導地位在每日 TBO 雲中重新佔據主導地位，雲變成灰色，表明潛在的整合而不是繼續看跌。這種轉變削弱了人們對迅速回歸貪婪驅動市場的希望。

Bitcoin dominance (BTC.D) has climbed back above the daily TBO Cloud, though its weekly chart shows continued weakness, with wicks back into the cloud signaling indecision. A move above resistance on BTC.D could pressure altcoins further, but the current lack of strong signals leaves the market in limbo.

比特幣的主導地位（BTC.D）已重新回到每日 TBO 雲之上，儘管其周線圖顯示持續疲軟，燈芯重新回到雲中表明猶豫不決。 BTC.D 突破阻力位可能會進一步給山寨幣帶來壓力，但目前缺乏強烈訊號，導致市場陷入困境。

OTHERS.D continues to struggle below its daily TBO Cloud. However, the weekly chart shows a TBO Close Short signal still in progress, a bullish sign if it confirms.

OTHERS.D 繼續在每日 TBO Cloud 下方掙扎。然而，週線圖顯示 TBO 平倉空頭訊號仍在進行中，如果該訊號得到確認，則為看漲訊號。

The TOTAL crypto market cap chart sits precariously on weak support, with a TBO Close Long printed on yesterday's daily candle. While daily RSI shows resistance, OTHERS appears poised for a potential recovery today, supported by BVOL7D retreating from the reversal zone, signaling traders' growing confidence in altcoins.

加密貨幣總市值圖表在較弱的支撐位上岌岌可危，昨天的日線蠟燭顯示 TBO 收盤多頭。雖然日線 RSI 顯示出阻力，但在 BVOL7D 從反轉區域回撤的支撐下，其他貨幣今天似乎準備好潛在復甦，這表明交易者對山寨幣的信心不斷增強。

SDEX Outperforms Amid Market Weakness

SDEX 在市場疲軟的情況下跑贏大盤

While Bitcoin and Ethereum wrestle with resistance, SDEX continues to shine. It closed a TBO Breakout yesterday and is on track to print another. The price has surpassed the 0.618 Fibonacci Retracement level, a significant milestone, and now targets the 0.786 Fib level, approximately 17% above its current price. Historical TBO Resistance just below 0.020 could present a hurdle, but the momentum for SDEX remains strong.

當比特幣和以太坊與阻力作鬥爭時，SDEX 卻繼續閃耀。它昨天結束了 TBO 突破，並有望列印另一個突破。該價格已超過 0.618 斐波那契回檔位，這是一個重要的里程碑，目前目標是 0.786 斐波那契回檔位，比目前價格高出約 17%。略低於 0.020 的歷史 TBO 阻力位可能會構成一個障礙，但 SDEX 的勢頭仍然強勁。

Volume for SDEX has been steadily increasing on Bitget since early December, reinforcing its bullish trajectory. The chart also shows a predictive wick at 0.025, suggesting further upward potential. With consistent volume, SDEX could reach this level within weeks, nearing its all-time high of 0.026788. This resilience positions SDEX as a standout performer amid broader market turbulence, with strong prospects heading into the new year.

自 12 月初以來，Bitget 上 SDEX 的交易量一直在穩步增長，強化了其看漲軌跡。這張圖表還顯示了 0.025 的預測燈芯，顯示進一步上漲的潛力。如果交易量穩定，SDEX 可能會在幾週內達到這一水平，接近歷史高點 0.026788。這種彈性使 SDEX 在更廣泛的市場動盪中表現出色，並在新的一年中擁有強勁的前景。