鏈上訊號顯示比特幣牛市接近頂峰

隨著比特幣的牛市接近頂峰，鏈上訊號表明其持續上漲勢頭。分析師 Willy Woo 對比特幣宏觀振盪器推動下的比特幣走勢保持信心。傳統金融 (TradFi) 投資者和 FOMO 的整合可能會導致大幅上漲。比特幣效能的增強似乎迫在眉睫。

Is the Bitcoin Bull Run Nearing Its Zenith?

比特幣牛市是否已接近頂峰？

On-chain analyst Willy Woo remains steadfast in his conviction that Bitcoin's ascent is far from its conclusion. The Bitcoin Macro Oscillator, a technical indicator measuring market momentum, displays signs of continued upward trajectory. Additionally, the possibility of traditional finance (TradFi) investors joining the cryptocurrency bandwagon (FOMO) further bolsters the likelihood of at least two significant upward movements in the near future.

鏈上分析師 Willy Woo 仍然堅信比特幣的上漲還遠遠沒有結束。比特幣宏觀振盪器是衡量市場動能的技術指標，顯示出持續上升軌跡的跡象。此外，傳統金融 (TradFi) 投資者加入加密貨幣潮流 (FOMO) 的可能性進一步增強了在不久的將來至少有兩次大幅上漲的可能性。

On-Chain Signals Point to Enhanced Bitcoin Performance

鏈上訊號表明比特幣性能增強

In a recent analysis on X, Woo expresses unwavering optimism about the trajectory of the cryptocurrency. Based on on-chain metrics, he discerns promising signals indicating that Bitcoin is poised to propel higher, breaking free from its current consolidation phase.

在最近對 X 的分析中，Woo 對加密貨幣的發展軌跡表達了堅定不移的樂觀態度。根據鏈上指標，他發現了有希望的訊號，顯示比特幣準備繼續走高，擺脫當前的盤整階段。

Bitcoin's Range-Bound Limbo

比特幣的區間波動

At the time of writing, Bitcoin remains largely confined within a narrow trading range, with resistance at $73,800 and immediate support hovering around $69,000. Despite analysts' bullish sentiment, the cryptocurrency has encountered resistance in breaching its all-time highs, hindered by persistent selling pressure.

截至撰寫本文時，比特幣仍主要局限於狹窄的交易區間，阻力位為 73,800 美元，直接支撐位徘徊在 69,000 美元左右。儘管分析師持看漲情緒，但由於持續的拋售壓力，加密貨幣在突破歷史高點時遇到了阻力。

Accumulation or Distribution: Bitcoin's Lateral Enigma

累積或分配：比特幣的橫向謎團

The current sideways movement in Bitcoin's price action leaves the market uncertain whether it represents accumulation or distribution, contingent upon the future breakout direction. A sustained upward surge above $72,400 could ignite a rally toward $73,800. Conversely, a decline below $69,000 and the middle Bollinger Band could trigger a downward spiral to levels not seen since early March.

目前比特幣價格走勢的橫盤走勢讓市場不確定它是累積還是派發，這取決於未來的突破方向。持續上漲至 72,400 美元上方可能引發漲勢至 73,800 美元。相反，跌破 69,000 美元和布林通道中線可能會引發螺旋式下跌，跌至 3 月初以來未見的水平。

TradFi FOMO and Short Squeeze: Potential Catalysts for Bitcoin's Ascent

TradFi FOMO 與空頭擠壓：比特幣上漲的潛在催化劑

Despite the recent lull in momentum, Woo postulates that Bitcoin possesses the potential for "another solid leg up." If TradFi investors succumb to FOMO and allocate funds into the cryptocurrency, the analyst contends that two distinct surges could materialize. In the 2017 bull market, the rally to $20,000 was largely attributed to retail investors jumping on the Bitcoin bandwagon.

儘管最近勢頭平淡，但吳認為比特幣具有「另一次強勁上漲」的潛力。分析師認為，如果 TradFi 投資者屈服於 FOMO 並將資金分配到加密貨幣中，可能會出現兩次不同的飆升。在 2017 年的多頭市場中，比特幣價格上漲至 20,000 美元很大程度上歸功於散戶投資者紛紛追捧比特幣。

ETF Influx: Fueling Institutional Demand

ETF 湧入：刺激機構需求

With the advent of spot Bitcoin exchange-traded funds (ETFs) in the United States, speculation abounds that institutions and high-net-worth individuals are accumulating Bitcoin. Should BTC breach $74,000, an influx of funds into various spot Bitcoin ETFs is anticipated, further stoking demand.

隨著美國現貨比特幣交易所交易基金（ETF）的出現，人們紛紛猜測機構和高淨值人士正在累積比特幣。如果 BTC 突破 74,000 美元，預計資金將湧入各種現貨比特幣 ETF，進一步刺激需求。

Short Squeeze: A Potential Upward Catalyst

軋空：潛在的上漲催化劑

This bullish outlook echoes the sentiments of other analysts who predict a surge in Bitcoin's price in the upcoming sessions. An analyst on X suggests that an imminent short squeeze could propel the cryptocurrency beyond its March highs. During a short squeeze, prices escalate, forcing short-sellers to buy back their positions at elevated prices, intensifying the uptrend.

這種看漲前景與其他分析師的觀點相呼應，他們預測未來幾個交易日比特幣價格將飆升。 X 的一位分析師表示，迫在眉睫的空頭擠壓可能會推動加密貨幣突破 3 月的高點。在軋空期間，價格上漲，迫使賣空者以高價回購頭寸，加劇上漲趨勢。

Record Institutional Optimism Versus Hedge Fund Skepticism

創紀錄的機構樂觀與對沖基金懷疑

The bullish assessment is supported by a widening gap between institutional investors who anticipate price gains and hedge funds who have sold the cryptocurrency short. This divergence underscores the divergent perspectives prevailing in the market.

看漲評估得到了預期價格上漲的機構投資者和賣空加密貨幣的對沖基金之間不斷擴大的差距的支持。這種差異凸顯了市場上普遍存在的不同觀點。