比特幣（BTC）價格測試較低的需求水平，市場情緒分裂

比特幣已下跌低於$ 10萬美元，引起了投資者的關注。自1月中旬以來，BTC一直在側面移動。

Bitcoin price dropped below the $100K mark on Monday, as the world’s largest cryptocurrency by market capitalization continued to trade within a narrow range.

週一，比特幣的價格下跌以下，因為按市值通過市值持續貿易範圍內，全球最大的加密貨幣。

Since mid-January, BTC price has been moving sideways, trading between all-time highs (ATH) and the $97,750 level.

自1月中旬以來，BTC價格一直在側向移動，在歷史高峰（ATH）和97,750美元之間的交易。

The price struggles to find a clear direction, making the next few days crucial for determining Bitcoin’s next move.

價格努力尋找明確的方向，這對於確定比特幣的下一步行動至關重要。

Bitcoin Price Pulls Back from ATH

比特幣價格從ATH退回

After hitting a new ATH of $104,000 on January 19, Bitcoin price has been pulling back. The coin dropped to lows of $97,750 on Monday, marking a decline of over 6% from the recent highs.

在1月19日達到了104,000美元的新ATH之後，比特幣價格一直在退縮。週一，硬幣下降到97,750美元，標誌著最近的高點下降了6％以上。

Bitcoin price has been trading within a tight range for the past few weeks. The coin has failed to break above the $104,000 level or below the $97,750 zone.

在過去的幾周中，比特幣的價格一直在緊密的範圍內。硬幣未能超過104,000美元或低於$ 97,750的區域。

This consolidation has left many investors wondering whether BTC price will continue to rise or if it has already peaked.

這種合併使許多投資者想知道BTC價格是否會繼續上漲，或者是否已經達到頂峰。

Market Sentiment: Bulls vs. Bears

市場情緒：公牛與熊

The crypto market is divided over Bitcoin’s next move. Some investors believe that the recent pullback is a normal correction before Bitcoin moves higher.

加密貨幣市場在比特幣的下一步行動上分歧。一些投資者認為，在比特幣移動更高之前，最近的回調是正常的糾正。

They expect BTC to reach $110K and beyond. Others think Bitcoin has already peaked and may enter a long-term correction.

他們預計BTC將達到11萬美元及以後。其他人認為比特幣已經達到頂峰，可能會進行長期更正。

“Bitcoin is still in a bull market, and these pullbacks are to be expected,” said one bull.

一位公牛說：“比特幣仍處於牛市狀態，可以預期這些回調。”

“The next few days will be crucial in determining whether Bitcoin will continue to rise or if it will correct further. I’m personally expecting BTC to reach $110K before any major correction.”

“接下來的幾天對於確定比特幣是否會繼續上升或是否進一步糾正至關重要。我個人預計BTC在任何重大更正之前將達到11萬美元。”

On the other hand, some bears believe that Bitcoin is already in a bubble and that the recent pullback is a sign of the bubble bursting.

另一方面，有些熊認為比特幣已經在泡沫中，最近的回調是泡沫破裂的標誌。

They expect BTC to correct to $50K or even lower in the coming months.

他們預計BTC在未來幾個月內將糾正至5萬美元甚至更低。

“Bitcoin has already peaked, and this pullback is just the beginning,” said one bear.

一隻熊說：“比特幣已經達到頂峰，這種回調只是開始。”

“The crypto market is in a bubble, and it’s about to burst. I expect Bitcoin to correct to $50K or even lower before this is over.”

“加密市場正處於泡沫狀態，即將破裂。我預計比特幣在結束之前將糾正至5萬美元，甚至更低。”

On-Chain Metrics Show Moderate Optimism

鏈上指標表現出適度的樂觀

On-chain metrics provide a different outlook on Bitcoin’s current state.

鏈上指標對比特幣當前狀態提供了不同的前景。

The adjusted net unrealized profit/loss (aNUPL) indicator, which measures the unrealized P&L of all Bitcoin holders in relation to the realized cap, suggests that Bitcoin is in a healthy zone but not yet in a bubble.

調整後的未實現的淨盈利/損失（ANUPL）指標，該指標衡量了與已實現的帽子有關的所有比特幣持有人未實現的損益，這表明比特幣處於健康區域，但尚未處於泡沫中。

This indicator is used to gauge the overall market sentiment and to identify potential turning points in the Bitcoin bull cycle.

該指標用於評估總體市場情緒，並確定比特幣牛週期中潛在的轉折點。

According to the aNUPL indicator, Bitcoin is currently in a strong phase, but it has not yet reached overheated levels.

根據ANUPL指標，比特幣目前處於強大的階段，但尚未達到過熱水平。

Bitcoin Price Action: Key Support Levels

比特幣價格動作：關鍵支持水平

Bitcoin price is now testing lower demand levels, with the next key support being at $97,500.

比特幣價格現在正在測試較低的需求水平，下一個主要支持為97,500美元。

For a bullish recovery, Bitcoin must quickly reclaim the $100K level. A strong move above this level could trigger a rally to new highs.

為了獲得看漲的恢復，比特幣必須迅速收回$ 10萬美元的水平。高於此水平的強勁動作可能會引發集會到新的高點。

However, if the bulls fail to step in and buy the dip, BTC could see more selling pressure, which may lead to a drop to the next support level at $95,000.

但是，如果公牛隊未能介入併購買蘸醬，BTC可能會看到更多的銷售壓力，這可能會導致下一個支持水平下降，為95,000美元。

What’s Next for Bitcoin?

比特幣的下一步是什麼？

Bitcoin price remains in a critical phase, with the next few days being important for determining the coin’s next move.

比特幣價格仍然處於關鍵階段，接下來的幾天對於確定硬幣的下一步行動很重要。

The market is highly volatile, and traders are watching the price action closely. If BTC stays above the $97,500 level, it could set up for a recovery.

市場非常波動，交易者正在密切關注價格行動。如果BTC停留在$ 97,500的水平上，則可以設置為恢復。

But if the selling pressure increases and the coin drops below this zone, the price may continue to fall before finding support at lower levels.

但是，如果銷售壓力增加，硬幣下降到該區域以下，那麼在較低水平的支持之前，價格可能會繼續下降。

Bitcoin price is now at a crossroads, and the next move will be crucial for determining the coin’s future direction.

比特幣價格現在處於十字路口，下一步對於確定硬幣的未來方向至關重要。

Investors should prepare for more price swings in the coming days as Bitcoin decides its next move.

由於比特幣決定其下一步行動，投資者應在未來幾天內為更多的價格波動做準備。