比特幣 (BTC) 價格分析：BTC 交易價格為 9.54 萬美元，值得持有的關鍵水平

比特幣 (BTC) 的情緒發生了急劇轉變，從 10 萬美元以上的看漲樂觀情緒轉變為隨著價格徘徊在 9.5 萬美元左右而日益增長的恐懼情緒。

After breaching the highly anticipated $100K level on December 5, Bitcoin's price encountered resistance and began consolidating below the six-figure mark. This price action sparked varying sentiments among traders, with bulls hoping for another leg up and bears anticipating potential corrections.

在 12 月 5 日突破備受期待的 10 萬美元水平後，比特幣價格遇到阻力並開始在六位數大關下方盤整。這一價格走勢引發了交易者不同的情緒，多頭希望進一步上漲，空頭預計可能出現調整。

Top analyst Axel Adler shared valuable insights on X, highlighting a drop in the average volume of realized profit from $136M/day to $93M/day. However, Adler points out that these figures, when viewed in the context of 30-day moving averages, show that actual realized profits are still relatively high, especially compared to past market cycles.

頂級分析師 Axel Adler 分享了有關 X 的寶貴見解，強調平均實現利潤從 1.36 億美元/天下降到 9,300 萬美元/天。不過，阿德勒指出，從30日移動平均線的角度來看，這些數字表明，實際實現的利潤仍然相對較高，特別是與過去的市場週期相比。

According to Adler's analysis, which uses 30-day moving averages to track realized profits, the current levels are still strong, especially when compared to past bull cycles. For example, in September 2021 and 2024, mini-bullish rallies began when average daily realized profits were around $15M, a fraction of the current levels.

根據阿德勒使用 30 日移動平均線追蹤已實現利潤的分析，當前水準仍然強勁，尤其是與過去的牛市週期相比。例如，在 2021 年 9 月和 2024 年 9 月，當日均實現利潤約為 1500 萬美元（僅是當前水平的一小部分）時，小型看漲反彈開始了。

It's important to note that this analysis uses 30-day moving averages, which means that actual realized profits over the past 30 days are significantly higher than the daily averages reported here. For instance, on November 21, 2024, one month after the rally began at $98K, daily investor profits soared to $443M.

值得注意的是，該分析使用 30 天移動平均線，這意味著過去 30 天的實際實現利潤明顯高於此處報告的每日平均值。例如，2024 年 11 月 21 日，即價格從 9.8 萬美元開始上漲一個月後，投資者每日利潤飆升至 4.43 億美元。

These metrics suggest that while Bitcoin is consolidating, underlying market activity remains strong, setting the stage for a potential bullish continuation. If BTC holds key levels, another surge to test or surpass recent highs could be on the horizon.

這些指標表明，雖然比特幣正在整合，但潛在的市場活動仍然強勁，為潛在的看漲持續奠定了基礎。如果比特幣守住關鍵水平，則可能會出現另一次飆升，測試或超越近期高點。

After losing critical levels, including the psychological $100K mark, the 4-hour 200 MA at $98,290, and the EMA at $96,480, Bitcoin is now trading at $95,400. This series of price breaks indicates short-term bearish price action, sparking concerns among investors about the potential for further downside.

在失去關鍵水準（包括 10 萬美元心理關卡、98,290 美元的 4 小時 200 MA 和 96,480 美元的 EMA）之後，比特幣目前的交易價格為 95,400 美元。這一系列的價格突破顯示短期價格走勢看跌，引發投資人對進一步下跌潛力的擔憂。

However, some analysts suggest that this could be a move to generate liquidity before another push higher. This kind of volatility is not uncommon during consolidations near critical levels, especially after a significant rally like the one Bitcoin experienced in December.

然而，一些分析師表示，這可能是在再次推高之前創造流動性的舉措。在接近關鍵水平的盤整期間，這種波動並不罕見，尤其是在像 12 月比特幣經歷的大幅反彈之後。

The $95K mark now serves as a pivotal support zone for bulls. If BTC manages to hold this level in the coming hours, it could signal the end of this bearish phase and set the stage for a quick recovery. Reclaiming the $96,480 EMA would be an encouraging first step, while a move above the $98,290 4-hour 200 MA would confirm a return to bullish momentum.

95,000 美元大關現在是多頭的關鍵支撐區域。如果比特幣在未來幾個小時內設法保持這一水平，則可能標誌著這一看跌階段的結束，並為快速復甦奠定基礎。收復 96,480 美元均線將是令人鼓舞的第一步，而突破 98,290 美元的 4 小時 200 均線將確認看漲勢頭的回歸。

Market participants are closely monitoring these levels, as a sustained hold above $95K could reignite confidence and set Bitcoin back on its upward trajectory. However, failing to maintain this support could lead to deeper corrections in the short term.

市場參與者正在密切關注這些水平，因為持續保持在 9.5 萬美元以上可能會重新點燃信心，並使比特幣重新回到上升軌道。然而，如果未能維持這項支撐，可能會導致短期內出現更深層的調整。