比特幣和美國股票面臨越來越大的壓力

隨著宏觀經濟的不確定性和美國總統唐納德·特朗普（Donald Trump）的不穩定政策決定，比特幣和美國股票正面臨越來越大的壓力。

Bitcoin and US equities are facing mounting pressure as macroeconomic uncertainty and erratic policy decisions from US President Donald Trump continue to shake investor confidence.

隨著宏觀經濟的不確定性和美國總統唐納德·特朗普（Donald Trump）的不穩定政策決定，比特幣和美國股票正面臨越來越大的壓力。

With unexpected tariff announcements and unstable foreign policy stances dominating headlines, markets have become increasingly volatile. Bitcoin, often seen as a hedge against traditional market instability, has entered a consolidation phase around the $85,000 level. After weeks of sharp price swings, BTC appears to be gathering momentum for its next major move—up or down.

隨著意外關稅公告和不穩定的外交政策立場主導著頭條新聞，市場變得越來越波動。比特幣通常被視為對沖傳統市場不穩定的對沖，已經在85,000美元的水平上進入了合併階段。經過數週的價格波動，BTC似乎正在為下一個重大行動（以下行動）收集動力。

Despite hopes for a strong recovery following its all-time high earlier this year, sentiment across the crypto space has grown increasingly bearish. According to new data from CryptoQuant, investor and trader outlook on Bitcoin has shifted significantly. The Bitcoin Sentiment Vote – Up or Down chart reveals a clear transition toward negative sentiment, with a majority now betting against further short-term gains. This trend mirrors conditions last seen in September 2024, just before the market’s last major rally.

儘管在今年早些時候有史以來高度恢復後，人們希望能有很強的恢復，但整個加密貨幣領域的情緒越來越多。根據CryptoQuant的新數據，對比特幣的投資者和交易員前景已經發生了重大變化。比特幣情緒投票 - 向上或下圖揭示了向負面情緒的明確過渡，現在多數賭注對進一步的短期收益進行下注。這一趨勢反映了2024年9月的最後一次條件，就在市場上一次重大集會之前。

Credit: CryptoQuant

圖片來源：加密量

With BTC's price action becoming more sluggish and pessimistic sentiment brewing, the current position at $85K becomes a battleground for bulls and bears. Will this period of indecision culminate in a breakout toward new highs or a breakdown toward lower lows? A lot may depend on broader economic developments and investor reactions to political instability.

隨著BTC的價格行動變得越來越遲鈍和悲觀的情緒釀造，目前的85K售價成為公牛和熊的戰場。這個猶豫不決的時期是否會在新高點的突破中達到頂點，還是向較低的低點分解？很大程度上可能取決於更廣泛的經濟發展和投資者對政治不穩定的反應。

Investor Sentiment Hits 6-Month Low As Bitcoin Stalls Below $90K

投資者情緒達到6個月的低點，因為比特幣攤位低於$ 90k

Investors face a crucial moment as Bitcoin trades in a tight range, struggling to reclaim key resistance levels while holding above critical support. Despite attempts to initiate a recovery, bulls have been unable to generate enough momentum to push prices meaningfully higher, while bears have failed to force a decisive breakdown. This ongoing stalemate has heightened market tension.

當比特幣交易處於緊密的範圍內，投資者面臨著關鍵的時刻，努力地恢復了關鍵阻力水平，同時保持了關鍵的支持。儘管試圖開始恢復，但公牛仍無法產生足夠的動力來提高價格，而熊則未能迫使果斷的崩潰。這種持續的僵局增強了市場緊張局勢。

The failure to reclaim the $90K level and hold above $85K consistently has led some analysts to question whether the current cycle is still intact. The pressure on bulls to prove the continuation of the bull run is mounting, as sentiment begins to shift toward a more cautious—or even bearish—outlook.

未能收回$ 90K的水平並持續持有85,000美元以上，這使一些分析師質疑當前週期是否仍然完好無損。隨著情緒開始向更謹慎（甚至看跌）的外觀，對公牛的壓力證明了牛的延續。

Top analyst Axel Adler shared insights on X that paint a sobering picture. According to Adler, after Bitcoin reached its ATH, sentiment took a sharp turn for the worse. This shift is clearly illustrated in the Bitcoin Sentiment Vote – Up or Down chart. The current quarterly sentiment ratio has dropped to levels not seen since September 2024, just before the market’s last major rally.

頂級分析師阿克塞爾·阿德勒（Axel Adler）在X上分享了X繪製清醒圖片的見解。根據阿德勒的說法，比特幣達到其ATH之後，情緒變得更糟。在比特幣情緒投票中清楚地說明了這一轉變 - 向上或向下圖表。自2024年9月，就在市場上一次重大集會之前，當前的季度情緒比率已下降到從未見過的水平。

BTC Sentiment Is Now Bearish—Is It A Bottom Signal?from 0x0. Link: https://x.com/AX_Crypto/status/1741266656405158080?s=20

BTC情緒現在是看跌 - 它是底部信號？從0x0起。鏈接：https：//x.com/ax_crypto/status/174126666656405158080？s = 20

While it’s possible that this bearish sentiment could serve as a contrarian indicator—signalling a bottom—many believe it reflects deeper uncertainty. With macroeconomic instability and geopolitical concerns on the rise, Bitcoin’s next move will be crucial in determining whether the broader market sees a renewed uptrend or enters a prolonged bearish phase. As traders watch the $85K–$90K zone closely, the coming days may be decisive for BTC’s trajectory in 2024.

雖然這種看跌的情緒可能是一個逆勢指標（底部簽名），但它認為它會反映出更深層的不確定性。隨著宏觀經濟的不穩定和地緣政治的關注，比特幣的下一步行動對於確定更廣泛的市場是否會看到更新的上升趨勢或進入延長的看跌階段至關重要。當交易員密切關注$ 85K - $ 90K的區域時，未來幾天對於2024年BTC的軌跡可能是決定性的。

Bulls Face Growing Pressure

公牛面臨日益嚴重的壓力

Bitcoin is currently changing hands at $84,200, trading just below the critical $85,000 level. This area is crucial as it coincides with the 200-day moving average (MA) and exponential moving average (EMA). Together, they form a significant resistance zone that bulls have struggled to penetrate.

比特幣目前以$ 84,200的價格易手，交易幅度低於關鍵$ 85,000的水平。該區域至關重要，因為它與200天移動平均線（MA）和指數移動平均線（EMA）一致。它們一起形成了一個巨大的阻力區，公牛努力滲透。

To ignite a strong recovery rally, BTC must break out of this resistance and rise above the $88,000 level. This breakout would be a clear sign of increasing momentum, which could propel Bitcoin on a rapid move toward the psychological barrier at $90,000.

為了激發強大的恢復集會，BTC必須脫離這種抵抗力，並上升到88,000美元的水平上。這種突破將是增加勢頭的明顯跡象，這可能會使比特幣迅速朝著心理障礙邁進90,000美元。

However, if sellers manage to push the price back down from the 200-day MA/EMA cluster at $85K, it could lead to a test of the next support zone at $82,000. A breakdown below this level would likely spark a deeper correction, setting the stage for a continuation of the bear market.

但是，如果賣方設法將價格從200天的MA/EMA集群下降到85,000美元，則可能導致對下一個支持區的測試為82,000美元。低於此水平的細分可能會引發更深入的更正，這為熊市的延續奠定了基礎。

In this pessimistic scenario, we could see a further decline to retest the $81,000 level, where more sellers are anticipated. From there, the price could fall further to reach the $78,000–$75,000 range. Such a deep correction would significantly impact investor confidence and cement the belief that the market is transitioning into a longer-term consolidation or even a bearish phase.

在這種悲觀的情況下，我們可以看到進一步下降以重新測試$ 81,000的水平，預計會有更多的賣家。從那裡開始，價格可能會進一步下跌，達到78,000-75,000美元的範圍。這種深刻的糾正將極大地影響投資者的信心，並鞏固人們的信念，即市場正在轉變為長期合併甚至看跌階段。

The coming days will be critical in determining the fate of Bitcoin. Traders will be closely watching to see whether bulls can finally manage to flip the $85K-$90K zone into support and propel the price toward new highs. Alternatively, will bears succeed in pushing BTC lower, setting the stage for a deeper correction and a continuation of the bear market

未來幾天對於確定比特幣的命運至關重要。交易者將密切關注，以了解公牛是否可以最終設法將$ 85K- $ 90K的區域轉換為支持，並將價格推向新高點。另外，將成功推動BTC降低，為更深入的糾正和持續的熊市奠定了基礎