比特幣（BTC/USD）價格分析：衰落四天后恢復動力

比特幣（BTC/USD）經過為期四天的下降後，已經恢復了勢頭，並受到較弱的美元的支持。討論也加劇了加密貨幣的恢復

Bitcoin price showed signs of recovery on Monday, following a four-day decline. Several US states are considering a Bitcoin reserve, which could further enhance the appeal of the cryptocurrency. Additionally, Grayscale has launched a Bitcoin Miners ETF, offering investors exposure to Bitcoin miners and the global mining industry.

比特幣的價格在周一下降了四天后，週一顯示出恢復的跡象。美國幾個州正在考慮擁有比特幣儲備，這可以進一步增強加密貨幣的吸引力。此外，Grayscale還推出了比特幣礦工ETF，為投資者提供了對比特幣礦工和全球礦業行業的風險。

Bitcoin price recovered on Monday, following a four-day decline. The cryptocurrency’s recovery was fueled by a weaker US Dollar, as well as discussions in several US states about adopting Bitcoin reserves.

週一下降了四天后，比特幣價格在周一恢復。加密貨幣的複蘇是由較弱的美元促進的，以及美國幾個州關於採用比特幣儲量的討論。

The institutional interest in Bitcoin continues to grow, with several states now considering a Bitcoin reserve. Utah became the second US state to clear the Strategic Bitcoin Reserve Bill, following Arizona. If the bill is approved, it may see other states follow suit.

對比特幣的機構興趣不斷增長，現在有幾個州正在考慮比特幣儲備。在亞利桑那州之後，猶他州成為第二個清除戰略比特幣儲備法案的州。如果法案獲得批准，則可能會看到其他州效仿。

An estimated 11 US states are exploring the inclusion of Bitcoin in their strategic reserves, with many considering a standard allocation of 10% of their total funds. This highlights the growing recognition of Bitcoin as a viable asset in government portfolios.

估計有11個州正在探索比特幣在其戰略儲備中的包含，許多州正在考慮標準分配其總資金的10％。這凸顯了對比特幣作為政府投資組合中可行資產的越來越多的認可。

Joining the list of states to advance a Strategic Bitcoin Reserve Bill is Illinois, who are eyeing a 5-year ‘HODL’ strategy. The bill was submitted to the Rules Committee on January 29 to finalize regulatory details, marking a critical step before it advances for full approval by lawmakers.

伊利諾伊州加入了促進戰略性比特幣儲備法案的州名單，他們正在關注5年的“ HODL”策略。該法案於1月29日提交了規則委員會，以最終確定監管細節，這標誌著它在獲得立法者的全面批准之前的關鍵步驟。

Grayscale Launches Bitcoin Miners ETF

灰度發射比特幣礦工ETF

Grayscale has introduced a new crypto investment product, emphasizing the vital role of Bitcoin miners in supporting the Bitcoin network. The company stated that miners play a crucial part in ensuring the network’s security, integrity, and overall operation.

Grayscale推出了一種新的加密投資產品，強調了比特幣礦工在支持比特幣網絡中的重要作用。該公司表示，礦工在確保網絡的安全性，完整性和整體運營方面起著至關重要的作用。

This week, Grayscale has launched the Bitcoin Miners ETF, providing investors with a simple way to gain exposure to Bitcoin miners and the global mining industry.

本週，格雷斯卡（Grayscale）推出了比特幣礦工ETF，為投資者提供了一種簡單的方法，可以吸引比特幣礦工和全球礦業行業。

David LaValle, Grayscale’s global ETF head, explained that Bitcoin miners are key to the network and are expected to grow significantly as Bitcoin becomes more widely adopted, making the ETF an attractive choice for many investors.

Grayscale的全球ETF負責人David Lavalle解釋說，比特幣礦工是網絡的關鍵，隨著比特幣被更廣泛採用，預計將顯著增長，這使得ETF成為許多投資者的吸引人選擇。

Bitcoin mining stocks struggled in 2024 to replicate the gains of Bitcoin, which recorded gains of around 112% for the year. This is backed up by data from Hashrate Index and Google (NASDAQ:GOOGL) Finance shows that most publicly traded Bitcoin mining companies ended 2024 with major losses, with some seeing their value drop by as much as 84%.

比特幣採礦股在2024年掙扎，以復制比特幣的收益，該比特幣的收益記錄了一年約112％的收益。這是由Hashrate Index和Google（NASDAQ：GOOGL）的數據提供支持的，這表明，大多數公開交易的比特幣礦業公司以2024年結束了重大損失，有些人的價值下降了多達84％。

It will be interesting to see what the demand and flows are like for miners’ ETF, i for one will be keeping an eye on how this develops.

看到礦工ETF的需求和流量是什麼，我將密切關注這種情況的發展。

ETF Flows Remain Positive

ETF流保持正

Bitcoin ETF flows have struggled this week following on from massive inflows last week even though it was a four-day week with the President’s inauguration.

本週，比特幣ETF的流量在上週從大量流入中掙扎，儘管這是總統就職典禮的四天。

This week however, saw massive outflows on Monday of around $457.6m before two days of positive inflows. However the amounts on Tuesday and Wednesday were quite small at $18.4 and $92m respectively. The smaller inflows could have had something to do with the FOMC meeting as well as the threat of the market’s reaction to proposed tariffs from February 1.

然而，本週，星期一的大量流出在兩天的積極流入之前，大約4.576億美元。但是，週二和周三的金額分別為18.4美元和9200萬美元。較小的流入可能與FOMC會議以及2月1日起擬議關稅的反應的威脅有關。

I am still positive on the overall Bitcoin picture from a fundamental perspective. The US being on a drive to build Bitcoin Strategic Reserves is a good thing as it will further enhance the Cryptos standing.

從基本的角度來看，我對總體比特幣圖片仍然很積極。美國正在努力建立比特幣戰略儲備是一件好事，因為它將進一步增強加密貨幣的地位。

Another reason why I remain relatively optimistic is the recent on chain analysis by Glassnode. In the Executive Summary, Glassnode explained Cyclical Market Growth: Their take is that the rate of Bitcoin price appreciation has declined cycle by cycle, reflecting a path into market maturity. The drawdown profile of this cycle thus far closely resembles that of the 2015–2017 cycle. Prior cycles also hint at a potential acceleration phase in the bull market, which tends to occur around this time (relative to the cycle low).

我保持相對樂觀的另一個原因是玻璃節鏈分析的最新原因。在執行摘要中，GlassNode解釋了周期性的市場增長：他們的看法是，比特幣價格升值的速度已按週期循環下降，反映了進入市場成熟的道路。到目前為止，該週期的下降曲線與2015 - 2017年周期的匯率相似。先前的周期還暗示了牛市的潛在加速階段，該牛市往往會發生在這個時候（相對於週期低）。

This is just another reason that we could be due for another period of gains and potentially fresh all-time highs for BTC/USD.

這只是我們可能要獲得的另一個時期的另一個原因，而BTC/USD可能會出現新鮮的歷史最高點。

Technical Analysis BTC/USD

技術分析BTC/USD

Bitcoin (BTC/USD) from a technical standpoint printed a bullish engulfing candlestick yesterday with follow through today.

從技術角度來看，比特幣（BTC/USD）昨天印刷了一個看漲的看漲燭台。

However, in order to convince bulls and myself that we could go on and achieve fresh all-time highs, i would like to see a daily candle close above the 106.200. This would be the highest daily close for Bitcoin and may embolden bulls to join the rally.

但是，為了說服公牛和我本人，我們可以繼續實現新鮮的​​高潮，我希望看到每天的蠟燭在106.200上方。這將是比特幣的每日最高關閉，可能會煽動公牛參加集會。

Bitcoin (BTC/USD) Daily Chart, January 30, 2025Dropping down to a H2 chart and this could come to fruition after price broke out of the descending channel in play.

比特幣（BTC/USD）每日圖表，2025年1月30日降低到H2圖表，在Price從降落的頻道中脫穎而出後，這可能會實現。

Price is currently pulling back with a possibility of a deeper pullback toward the 100-day MA resting just around the key support level at 103500.

當前，Price正在退縮，可能會在103500的關鍵支持水平附近更深的回調朝向100天的MA。

This may present an excellent risk to reward opportunity for potential bulls with further support being found at the 102650 handle, where we have both the 50 and 200-day MAs restings.

這可能給潛在的公牛帶來獎勵機會的絕佳風險，並在102650手柄上找到了進一步的支持，在那裡我們擁有50天和200天的MAS休息。