比特幣Flash崩潰設置了2025年上半年的基調

比特幣價格集會至100,000美元的里程碑，其歷史最高點109,588啟動了2024年的牛市

Bitcoin price slipped to a low of $91,300 on February 3 in a flash crash before recovering to trade above the $95,000 level. BTC price action faced selling pressure as U.S. President Donald Trump announced seven new appointments within the administration.

2月3日，比特幣價格在2月3日的閃光崩潰中跌至91,300美元，然後恢復了超過95,000美元的交易。當美國總統唐納德·特朗普（Donald Trump）宣布政府內部七個新任命時，BTC價格行動面臨銷售壓力。

The total crypto market capitalization excluding Bitcoin ranges around the $1.19 trillion mark, as per TradingView data. The metric dropped nearly 20% in February 2025 until Wednesday, February 19.

根據TradingView數據，不包括比特幣不包括比特幣的總計市值約為11.9萬億美元。該指標在2025年2月至2月19日（星期三）下降了近20％。

Altcoins continue consolidating as Bitcoin dominance hovers around four-year peak.

隨著比特幣優勢徘徊在四年峰值左右，AltCoins繼續合併。

The total crypto market capitalization excluding Bitcoin ranges around the $1.19 trillion mark, according to TradingView data. The metric dropped nearly 20% in February 2025 until Wednesday, February 19.

根據TradingView Data的數據，不包括比特幣的加密市值不包括11.9萬億美元。該指標在2025年2月至2月19日（星期三）下降了近20％。

Altcoins are seen gearing for recovery as trading volume across exchanges fell to pre-election levels after significant de-leveraging, an insight from a K33 research report highlighted.

隨著跨交易所的交易量在大量的去槓桿作用後，替代方案的恢復能力下降到選舉前的水平，這是K33研究報告的一個見解。

Professional traders are seen to be risk averse as the contango narrows and CME basis falls to September levels, an insight from a K33 research report highlighted.

隨著Contango Narrows和CME的基礎降至9月的水平，專業交易者被認為是厭惡風險的，這是K33研究報告的一個見解。

The short-term sentiment among traders is that of caution and institutional holder exposure to crypto has slowed down. A key indicator to watch is the Altcoin Season Index on Blockchaincenter.

交易者的短期情緒是謹慎和機構持有人接觸加密貨幣的情緒放緩。值得關注的關鍵指標是BlockchainCenter上的Altcoin季節指數。

Altcoin season is a time period where the returns on 75% of the top 50 altcoins outperform Bitcoin consistently in a 90-day timeframe. To determine whether it is the altcoin season yet, traders use the altcoin season index.

Altcoin季節是一個時期，在90天的時間範圍內，前50個Altcoins中75％的回報始終超過比特幣。為了確定這是否是Altcoin季節，交易者使用Altcoin季節指數。

On Wednesday, the index reads 45, on a scale of 0 to 100, meaning that it is not the altcoin season yet.

在星期三，該指數為45，比例為0至100，這意味著它還不是Altcoin季節。

As altcoins consolidate, it may be the ideal time for sidelined buyers to begin accumulation before the next leg up. Tokens like Bittensor (TAO), Pyth Network (PYTH), Ethena (ENA), blue-chip meme coins like Dogecoin (DOGE) and Pepe (PEPE) are currently below the average traded prices and could begin their recovery once the altcoin rally resumes.

作為AltCoins合併，這可能是旁觀者在下一條領域之前開始積累的理想時機。像Bittensor（Tao），Pyth Network（Pyth），Ethena（Ena），藍芯片模因硬幣（如Dogecoin（Doge）（Doge）和Pepe（Pepe））等令牌如目前低於平均交易價格。

Best altcoins to buy now

現在最好購買的最好的山寨幣

The top three altcoins that are currently in the buy zone and could recover in the next leg of the altcoin rally are Bittensor, Pyth Network and Dogecoin. The following price charts identify the buy zone, price target, gains and the support/ resistance levels for sidelined buyers to enter a trade this week.

目前在買入區域，可以在Altcoin Rally的下一回合中恢復的前三名Altcoins是Bittensor，Pyth Network和Dogecoin。以下價格表確定了買入區，價格目標，上漲和支撐/阻力水平，供缺乏的買家本週進行交易。

PYTH has been in a multimonth downward trend that started in December 2024, during the Bitcoin bull run. The token has been in a decline, down to $0.2031 at the time of writing. Technical indicators on the daily timeframe, RSI and MACD support a bullish thesis in PYTH and the token could rally 25% to test a key resistance level within an imbalance zone, at $0.2548.

Pyth一直處於多個月的下降趨勢，該趨勢始於2024年12月，在比特幣公牛運行期間。代幣在寫作時一直在下降，降至0.2031美元。每日時間範圍，RSI和MACD上的技術指標支持PYTH和代幣的看漲論文，可以在不平衡區內測試關鍵阻力水平，為0.2548美元。

A Bitcoin flashcrash or market consolidation could send PYTH to support at the February 8 low of $0.1739.

比特幣閃存或市場合併可能會在2月8日低落的0.1739盧比提供支持。

Bittensor’s TAO has several catalysts like Dynamic TAO upgrade and the launch of subnet AI tokens, that could drive value higher in the coming weeks in February 2025. The token could break out of its downward trend and close above the $379 level, test resistance at $445.

Bittensor's Tao具有多種催化劑，例如動態TAO升級和子網AI令牌的推出，這可能會在2025年2月的接下來的幾週內推動更高的價值。代幣可能會脫離其下降趨勢，並在379美元的限度上關閉，以$ 445的價格測試抵抗力。 。

$445 is the upper boundary of a Fair Value Gap on the daily timeframe, a key resistance level for TAO. A rally to $445 marks 16% gains in the token.

$ 445是每日時間範圍內公允價值差距的上邊界，這是道的關鍵阻力水平。集會至445美元，標記為16％的代幣。

TAO could find support at $341, the February 9 low for the AI token.

陶可以找到341美元的支持，即2月9日的AI令牌。

Dogecoin, the largest meme token in the crypto market is currently ranging after a multi-month downward trend. A daily candlestick close above resistance at $0.30 could break the pattern and indicate a trend reversal in the token.

Dogecoin是加密貨幣市場上最大的模因象徵，目前在多個月的下降趨勢之後正在範圍。每天的燭台以高於0.30美元的電阻，可能會破壞模式，並表明令牌中的趨勢逆轉。

DOGE’s technical indicators on the daily chart are supportive of nearly 20% gains in the coming weeks, meaning the short term outlook on the token is bullish. A correction could send DOGE to test support at $0.21659, as seen in the chart below.

Doge在每日圖表上的技術指標在接下來的幾週內支持近20％的收益，這意味著代幣的短期前景是看好的。校正可能會將Doge發送到$ 0.21659的測試，如下圖所示。

Bitcoin price outlook

比特幣價格前景

Derivatives data from a K33 research report shows that traders have taken a cautious hands-off approach on the Chicago Mercantile Exchange (CME) over the past few weeks. The sentiment among derivatives traders is bearish as premiums continue to push lower, while open interest remains stagnant amidst no significant spike in ETF activity.

K33研究報告中的衍生品數據表明，在過去的幾周中，貿易商對芝加哥商人交易所（CME）採取了謹慎的動手方法。衍生品交易者之間的情緒是看跌，因為保費繼續降低，而在ETF活動中沒有明顯的激增，開放興趣仍然停滯不前。

Premiums have been on a clear downtrend in the months following the result of the U.S. Presidential election in November 2024. BTC’s initial post-Trump election rally pushed the asset above $100,000. However, as the market adjusts to announcements and macro developments

在2024年11月舉行的美國總統大選後的幾個月中，保費一直在明顯下降趨勢。BTC最初的特朗普大選集會將資產推向了100,000美元以上。但是，隨著市場適應公告和宏觀發展