自2024年11月以來，比特幣（BTC）每週的每週圖表首次關閉低於$ 90,00

儘管2月的每月蠟燭收盤價為84,299美元，但BTC（BTC）每週關閉的蠟燭卻形成了DOJI蠟燭，收盤價為94,222美元。

Bitcoin (BTC) price tested the $95,000 overhead resistance once again after US President Donald Trump’s announcement of a crypto strategic reserve pushed the flagship cryptocurrency higher.

在美國總統唐納德·特朗普（Donald Trump）宣布加密戰略儲備將旗艦加密貨幣提高後，比特幣（BTC）的價格再次測試了95,000美元的間接費用。

Bitcoin weekly chart. Source: Cointelegraph/TradingView

比特幣每週圖表。資料來源：Cointelegraph/TradingView

Despite February’s monthly candle closing at $84,299, BTC’s (BTC) weekly close formed a doji candle, closing at $94,222.

儘管2月的每月蠟燭收盤價為84,299美元，但BTC（BTC）每週關閉的蠟燭卻形成了DOJI蠟燭，收盤價為94,222美元。

Will Trump-pump follow the Xi-pump path?

特朗普泵會遵循xi-Pump道路嗎？

In 2019, during a prolonged bearish trading period that stretched from June to October, Bitcoin’s market sentiment was low. However, on Oct. 25, 2019, China’s President XI Jinping’s announcement supporting blockchain technology triggered a significant price rise.

2019年，在6月至10月的長時間看跌交易期間，比特幣的市場情緒很低。但是，在2019年10月25日，中國習近平總統的公告支持區塊鏈技術引發了大幅上漲。

However, in subsequent days, China imposed a series of crackdowns on crypto assets and activities like mining, leading to new lows within 30 days.

但是，在隨後的日子裡，中國對加密資產和採礦等活動進行了一系列鎮壓，導致30天內的新低點。

Cold Blooded Shiller, an anonymous crypto analyst, drew similarities between the ‘Xi-pump’ and the current Trump pump, suggesting that sentiment rallies can often fizzle out due to lack of strength, and the market quickly adjusts itself to the prior trend.

匿名加密分析師冷血的希勒（Shiller）在“ xi-Pump”和當前的特朗普泵之間取得了相似之處，這表明情緒集會通常會因為缺乏力量而浮出水面，而市場迅速適應了先前的趨勢。

Bitcoin 2019 Xi pump vs 2025 Trump pump comparison. Source: Cointelegraph/TradingView

比特幣2019 XI泵與2025特朗普泵比較。資料來源：Cointelegraph/TradingView

As illustrated in the chart, the similarities between both periods followed similar retests of prior support ranges. In the first case below $10,000 in 2019 and below $95,000 in 2025, and the asset formed new lows 30 days later. The analyst added that in 2019, traders quickly acknowledged the pump as a “short squeeze and managed to get some very good entries.”

如圖所示，兩個時期之間的相似性遵循了相似的先前支持範圍的重新測試。在2019年低於10,000美元的第一種情況下，2025年低於$ 95,000，資產在30天后形成了新的低點。分析師補充說，2019年，交易員迅速承認該泵是“短暫的擠壓，並設法獲得了一些很好的條目”。

Likewise, Magus, a crypto trader, mentioned that bulls needed to prove themselves this week and carry out re-acceptance of the value area high (VAH) at $103,000 and value area low (VAL) at $91,000.

同樣，加密貨幣交易員瑪格斯（Magus）提到，公牛需要本週證明自己，並重新接受價值面積高（VAH）的價值為103,000美元，價值面積低（Val）為91,000美元。

Bitcoin volume profile analysis by Magus. Source: X.com

通過Magus進行的比特幣體積分析。資料來源：X.com

The VAH and VAL define a range where the majority of trading volume occurred during a selected time period on a chart, in this case, since November 2024. However, Magus also remained cautious of the Xi pump, stating,

VAH和VAL定義了一個範圍，其中大多數交易量發生在圖表上選定的時間段中，在這種情況下，自2024年11月以來，Magus也對XI泵保持謹慎

Related: Trump’s crypto reserve plan faces Congress vote, may limit rally

相關：特朗普的加密儲備計劃面臨國會投票，可能會限制集會

Bitcoin remains in distribution, not accumulation

比特幣保持分配，而不是積累

Data from Glassnode suggested that despite BTC’s rally, the short-term holders’ (STH) cost basis dropped below 1 after initially moving above $92,700. Bitcoin’s current price is below $92,700, which implies that STHs remained in a “fragile position” with profitability current at breakeven.

GlassNode的數據表明，儘管BTC集會，但短期持有人（STH）的成本基礎在最初移動到92,700美元以上後仍低於1。比特幣目前的價格低於92,700美元，這意味著STH仍處於“脆弱的位置”，而盈利能力當前在Breakeven。

Additionally, the data analytics platform also stated that Bitcoin’s accumulation trend score remained under 0.5 for 58 consecutive days, underling a long period of net distribution.

此外，數據分析平台還指出，比特幣的累積趨勢得分連續58天保持在0.5以下，這是長期淨分佈的基礎。

Bitcoin accumulation trend score. Source: X.com

比特幣積累趨勢得分。資料來源：X.com

A distribution period is defined as a phase of profit-taking by investors, which is often in line with market corrections. Glassnode added,

分銷期被定義為投資者的利潤階段，這通常與市場更正一致。添加了玻璃節，

Related: Biggest CME gap ever at $85K: 5 things to know in Bitcoin this week

相關：有史以來最大的CME差距為$ 85K：本週比特幣要知道的5件事

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投資建議或建議。每個投資和交易舉動都涉及風險，讀者在做出決定時應進行自己的研究。