投資者關注新的 ATH，比特幣 (BTC) 價格暗示吸籌

隨著投資者關注新的歷史高點，比特幣（BTC）的價格走勢暗示著累積。

Bitcoin (BTC) price dropped sharply on Jan. 7 after setting a new all-time high at $102,180 on Jan. 6. The sudden price decline occurred as traders expected BTC to retest the $100,000 level, which it failed to do on its first attempt.

比特幣(BTC) 價格在1 月6 日創下歷史新高102,180 美元後，於1 月7 日大幅下跌。成功。

Despite the short-term BTC drawdowns, major exchanges continued to observe significant investor activity, hinting at a bullish urgency among traders.

儘管比特幣出現短期下跌，但主要交易所繼續觀察到大量投資者活動，暗示交易員看漲的緊迫性。

Bitcoin investors on Binance hint at accumulation

幣安上的比特幣投資者暗示正在積累

Burak Kesmeci, a verified analyst at CryptoQuant, highlighted that the 14-day simple moving average (SMA14), which tracks Binance’s net flow, has turned negative. As illustrated in the chart, each time the SMA14 has turned negative, BTC has exhibited a bullish shift in the charts.

CryptoQuant 的驗證分析師 Burak Kesmeci 強調，追蹤幣安網淨流量的 14 天簡單移動平均線 (SMA14) 已轉為負數。如圖所示，每當 SMA14 轉為負值時，BTC 就會在圖表中表現出看漲的轉變。

Bitcoin exchange netflow on Binance. Source: CryptoQuant

幣安上的比特幣交易淨流量。來源：CryptoQuant

Furthermore, Bitcoin outflows on Binance reached 5,407 BTC, the highest amount over the past month. In line with the developments, the analyst noted:

此外，幣安上的比特幣流出量達到 5,407 BTC，為過去一個月的最高金額。根據事態發展，分析師指出：

“Each time the Binance netflow 14SMA (simple moving average) turns negative, we've seen bullish moves in BTC. Also, the net outflows from Binance are at their highest in the past month (5,407 BTC).”

「每次幣安淨流量 14SMA（簡單移動平均線）變成負數時，我們都會看到 BTC 的看漲走勢。此外，幣安的淨流出量達到了過去一個月的最高水平（5,407 BTC）。

In cohesion with Binance traders, US retail investors also indicated a revival of buying pressure after the Coinbase premium index turned positive in 2025. The index also moved above the SMA14, a strong bullish signal. Previously, when the index crossed above the SMA14 line, BTC moved from $69,000 to $108,000 in Q4 2024.

與幣安交易員一致，美國散戶也表示，在 Coinbase 溢價指數於 2025 年轉正後，買盤壓力再次出現。此前，當該指數突破 SMA14 線時，BTC 在 2024 年第四季從 69,000 美元升至 108,000 美元。

Related: Bitcoin gurus see these BTC price levels hitting next as $100K holds

相關：比特幣專家認為 BTC 價格水準將達到 10 萬美元

Bitcoin should hold $98,000 to hit new ATHs

比特幣應持有 98,000 美元才能達到新的最高點

The Bitcoin community’s $100,000 celebration was cut short as BTC nullified its previous day’s returns. Nevertheless, from a technical perspective, it does not invalidate the bullish market structure.

由於 BTC 抵消了前一天的回報，比特幣社區的 100,000 美元慶祝活動被縮短。儘管如此，從技術角度來看，這並沒有使牛市結構失效。

Bitcoin 4-hour chart. Source: Cointelegraph/TradingViewAs illustrated in the chart, Bitcoin's current move from above $102,000 to under $98,000 is between liquidity pools. Liquidity pools are areas where traders place their positions, such as limit orders, sell orders, stop losses and take profits. Hence, the price often oscillates between these regions.

比特幣 4 小時圖。資料來源：Cointelegraph/TradingView 如圖所示，比特幣目前從 102,000 美元以上跌至 98,000 美元以下是在流動性池之間進行的。流動性池是交易者放置部位的區域，例如限價單、賣單、停損和獲利。因此，價格經常在這些地區之間波動。

BTC’s rise above $99,000 on Jan. 6, cleared the equal highs (EQ) created on Dec. 21 and 26. Sellers sold their positions around the supply zone later on, leading to the current price decline.

BTC 於 1 月 6 日昇至 99,000 美元以上，清除了 12 月 21 日和 26 日創造的同等高點 (EQ)。

Considering the same market behavior, BTC could clear the equal lows around $97,377 and $96,700 before bouncing from the order block at $96,700.

考慮到相同的市場行為，BTC 可能會清除 97,377 美元和 96,700 美元附近的同等低點，然後從 96,700 美元的訂單區域反彈。

Thus, a daily close above $97,000–$98,000 would allow Bitcoin to retain its bullish structure.

因此，日收盤價高於 97,000 美元至 98,000 美元將使比特幣保持其看漲結構。

Michael van de Poppe, founder of MNCapital, highlighted a similar price level for retesting after BTC exceeded $100,000 over the first week of 2025. The analyst noted:

MNCapital 創辦人 Michael van de Poppe 強調，在 BTC 在 2025 年第一周突破 10 萬美元後，需要重新測試類似的價格水準。

“After crossing $100K in the first week of the year, Bitcoin is now retesting the crucial zone around $97K-$98K. A bounce here will lead to continuation towards new all-time highs.”

「在今年第一周突破 10 萬美元之後，比特幣現在正在重新測試 9.7 萬美元至 9.8 萬美元左右的關鍵區域。這裡的反彈將導致繼續創出新的歷史高點。

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

本文僅供一般參考之用，無意也不應被視為法律或投資建議。這裡表達的觀點、想法和意見僅代表作者個人觀點，不一定反映或代表Cointelegraph的觀點和意見。