一系列野生價格波動之後，比特幣（BTC）再次低於85,000美元的交易

一系列野生價格波動後，比特幣再次低於85,000美元的交易，這使投資者對下一步行動不確定。

Bitcoin price is once again trading below the $85,000 mark after a series of wild price swings that have left investors uncertain about its next move.

一系列野生價格波動後，比特幣價格再次低於85,000美元的交易，這使投資者對下一步行動不確定。

Market volatility surged following President Trump’s announcement that he plans to establish a U.S. strategic crypto reserve, sparking a brief rally that pushed BTC to $95,000 in just hours. However, the momentum was short-lived, as Bitcoin quickly retraced the entire jump, bringing prices back down and reinforcing the ongoing instability in the market.

在特朗普總統宣布計劃建立美國戰略加密保護區後，市場波動激動了，這引發了一場簡短的集會，在短短幾個小時內將BTC提高了95,000美元。但是，這種勢頭是短暫的，因為比特幣迅速追溯了整個躍升，使價格降低並加強了市場中持續的不穩定。

This rollercoaster price action reflects the current uncertainty surrounding Bitcoin, with traders struggling to determine whether BTC is gearing up for another leg higher or facing further downside pressure. While Trump’s pro-crypto stance briefly lifted sentiment, it wasn’t enough to sustain a breakout, highlighting weakness in overall market conditions.

這種過山車的價格動作反映了比特幣周圍目前的不確定性，交易員努力確定BTC是否正在為另一支腿較高還是面臨進一步的下行壓力。雖然特朗普的親克賴特托立場短暫提高了情緒，但這還不足以維持突破，強調了整體市場狀況的疲軟。

CryptoQuant CEO Ki Young Ju shared his thoughts on the matter, stating that Bitcoin’s market conditions will likely remain slow until sentiment in the U.S. improves. With regulatory concerns, macroeconomic uncertainty, and shifting investor sentiment, Bitcoin’s ability to sustain higher levels remains in question.

CryptoQuant首席執行官Ki Young Ju分享了他對此事的想法，並指出比特幣的市場狀況可能會保持緩慢，直到美國情緒改善。由於監管問題，宏觀經濟的不確定性和轉移投資者的情緒，比特幣具有更高層次的能力。

Until stronger catalysts emerge, BTC may continue trading in a volatile, range-bound environment, leaving traders watching for the next decisive move.

直到出現更強大的催化劑之前，BTC可能會繼續在動盪不安的範圍環境中進行交易，使交易者關注下一個決定性的舉動。

Bitcoin Indicators Suggest Bull Cycle Is Still Intact

比特幣指標表明牛週期仍然完好無損

Bitcoin has struggled below the $90,000 level for days, and now it finds itself even failing to hold above $85,000. The lack of momentum has kept BTC in bearish territory, with bulls needing to step in soon to avoid a deeper decline. Despite several attempts at recovery, Bitcoin and the entire crypto market are still unable to confirm a sustained push higher.

比特幣在幾天內一直掙扎著90,000美元的水平，現在發現自己甚至無法持有85,000美元以上。缺乏動力使BTC在看跌領土上保持了，公牛需要盡快介入以避免更深的下降。儘管有幾次恢復嘗試，但比特幣和整個加密市場仍無法確認持續的推動力更高。

Bulls lost control when BTC dropped below $90,000, and the failure to reclaim this zone has only intensified bearish sentiment, leading many analysts to call for a potential bear market.

當BTC跌至90,000美元以下時，公牛失去了控制，而未能恢復該區域只會加劇看跌的情緒，導致許多分析師呼籲潛在的熊市。

However, Ju believes the bull cycle isn’t necessarily over yet. His analysis highlights that on-chain activity remains largely insignificant, and key indicators are neutral, suggesting that the broader bull trend is still intact despite the recent weakness. Additionally, the fundamentals remain strong, with more mining rigs coming online, signaling continued confidence from major players.

但是，JU認為牛週期不一定已經結束。他的分析強調，鏈上的活性在很大程度上微不足道，關鍵指標是中性的，表明儘管最近有弱點，但更廣泛的牛趨勢仍然完好無損。此外，基本面仍然很強大，更多的採礦鑽機即將上網，這表明主要參與者的信心持續了信心。

Ju also notes that if this cycle were to end here, it would be an unwanted outcome for nearly all major stakeholders—old-cycle and new-cycle whales, mining companies, traditional finance (TradFi) entering crypto, and even Trump’s administration with its new U.S. strategic crypto reserve. Retail traders, often seen as the last participants to join the market in a cycle, are unlikely to be a deciding factor at this stage.

JU還指出，如果這個週期在這裡結束，對於幾乎所有主要的利益相關者來說，這將是一個不必要的結果，例如，循環和新循環捕鯨，礦業公司，傳統金融公司（Tradfi）進入加密貨幣，甚至是特朗普的政府政府，其新的美國戰略加密儲備儲備。零售交易員，通常被視為最後一家週期加入市場的參與者，在此階段不太可能成為決定因素。

For now, Bitcoin stands at a pivotal moment, with the next few days being crucial for determining whether BTC can reclaim lost ground or if further downside is inevitable. A break below key support levels could confirm a prolonged correction, while a strong recovery could reignite the uptrend.

就目前而言，比特幣站在關鍵時刻，接下來的幾天對於確定BTC是否可以恢復失落的地面或是否不可避免的是不可避免的缺點至關重要。低於關鍵支持水平的中斷可以確認延長的校正，而強大的恢復可以重新啟動上升趨勢。

BTC Testing Crucial Liquidity Levels

BTC測試關鍵流動性水平

Bitcoin is currently changing hands at $83,700 after days of wild price swings above and below $90,000. The market is still exhibiting high volatility as the bulls struggle to regain control.

經過數天的野外價格波動，比特幣目前以83,700美元的價格易手，低於90,000美元。隨著公牛隊努力恢復控制權，市場仍然表現出高波動。

For Bitcoin to start a meaningful recovery, it needs to reclaim $90,000 as soon as possible. This level serves as the gateway to reversing the recent downtrend and shifting momentum back in favor of the bulls. However, the main level to hold remains $85,000—a critical support that has dictated price action in recent weeks.

要使比特幣開始有意義的恢復，它需要盡快收回90,000美元。該級別是顛倒最近的下降趨勢和轉移動量反向公牛的門戶。但是，持有的主要水平仍然是85,000美元，這是最近幾週的價格行動的重要支持。

If BTC stays below $85,000 for the next few days, it could trigger a massive drop, increasing selling pressure and leading to a deeper correction. This scenario would likely confirm extended bearish momentum, putting Bitcoin at risk of testing lower support levels.

如果BTC在接下來的幾天內保持低於85,000美元，它可能會引發大量下降，增加銷售壓力並導致更深的校正。這種情況可能會證實延長的看跌勢頭，這使比特幣處於測試較低支持水平的風險。

For now, traders are keenly watching BTC’s ability to either sustain gains or break lower. If Bitcoin can push back above $85,000, it could prevent further downside and provide some short-term stability.

目前，交易者敏銳地觀察了BTC的維持能力或降低分裂的能力。如果比特幣可以推回85,000美元以上，則可以防止進一步的缺點並提供一些短期穩定性。

But failure to hold this level could accelerate the bearish trend, leaving BTC vulnerable to further declines in the coming days as traders react to new price lows.

但是，如果不保持這一水平可能會加速看跌趨勢，而隨著交易者對新價格低點的反應，BTC很容易受到進一步下降的影響。