比特幣為猜測降溫，準備舉動

比特幣繼續努力應對大量波動，在其歷史最高水平和90,000美元的低點之間波動。這種動蕩的價格行動使市場情緒深深地分歧，圍繞比特幣的短期軌蹟的不確定性。

Bitcoin’s price action has remained volatile over the past week, experiencing sharp drops and recoveries within short intervals. Last Monday, the cryptocurrency underwent a rapid decline of over 9% in less than 24 hours. However, the following hours saw a quick recovery, with BTC rising by 11%. This showcases the unpredictable nature of the market.

在過去的一周中，比特幣的價格動作一直保持波動，在短時間內經歷了急劇下降和恢復。上週一，加密貨幣在不到24小時內迅速下降了9％以上。但是，接下來的幾個小時很快恢復了，BTC上升了11％。這展示了市場的不可預測性質。

Despite the rebound, Bitcoin’s price movements continue to face pressure, with bulls struggling to push the price back above the $100K mark. Over the past few days, BTC has consistently closed around the $96,500 level, signaling indecision and the absence of a clear trend.

儘管有反彈，比特幣的價格變動仍在面對壓力，公牛隊努力將價格推遲到$ 10萬美元以上。在過去的幾天中，BTC一直在96,500美元的水平上始終關閉，信號猶豫不決和沒有明確的趨勢。

Adding to the cautious sentiment, key metrics shared by crypto expert Axel Adler highlight a significant development. According to Adler, yesterday, the average funding rate across the three top exchanges dropped to zero.

加密專家阿克塞爾·阿德勒（Axel Adler）共享的關鍵指標加上了謹慎的態度，突出了一個重大發展。據阿德勒（Adler）稱，昨天，三個頂級交易所的平均資金率下降到零。

This metric, which tracks the cost of holding leveraged positions in the futures market, is often seen as a barometer of speculative activity. A drop to zero suggests that speculative appetite has waned, with neither bullish nor bearish positions dominating the market. However, Adler notes that In this cycle, every such occurrence has led to a “macro bull rally.”

該指標跟踪在期貨市場中保持槓杆位置的成本，通常被視為投機活動的晴雨表。下降到零表明，投機性的食慾已經減弱，既不是看跌和看跌地位的市場。但是，阿德勒（Adler）指出，在這個週期中，每一次這種情況都導致了“宏觀公牛集會”。

As Bitcoin consolidates below $100K, investors are left wondering whether the current phase is a pause before a breakout or the precursor to a deeper correction. The coming days will be pivotal in determining the short-term direction for the world’s largest cryptocurrency.

隨著比特幣的合併低於$ 10萬美元，投資者想知道當前階段是在突破之前停下來還是更深層更正的前身。接下來的日子將在確定世界上最大的加密貨幣的短期方向方向至關重要。

Bitcoin Prepares For A Move As Speculation Cools Off

比特幣為猜測降溫，準備舉動

Bitcoin continues to experience massive volatility, fluctuating between its $109K all-time high and lows within the $90K range. This tumultuous price action has left market sentiment deeply divided, with uncertainty surrounding Bitcoin’s short-term trajectory. While some investors fear a deeper correction, others believe the current consolidation is a healthy pause before another rally.

比特幣繼續經歷巨大的波動性，在$ 109K的歷史最高水平和90,000萬美元範圍內的低點之間波動。這種動蕩的價格行動使市場情緒深深地分歧，圍繞比特幣的短期軌蹟的不確定性。儘管有些投資者擔心更深入的更正，但其他人則認為當前的合併是在另一個集會之前的健康停頓。

Top analyst Axel Adler recently shared key CryptoQuant data on X, offering insights into the current market dynamics. According to Adler, yesterday, the average funding rate across the three top exchanges dropped to zero. Historically, this metric has signaled significant market shifts. In this cycle, every instance of the funding rate dropping to zero has ultimately led to a macro bull rally, reinforcing optimism among long-term holders.

頂級分析師阿克塞爾·阿德勒（Axel Adler）最近在X上共享了關鍵的加密數據，從而提供了有關當前市場動態的見解。據阿德勒（Adler）稱，昨天，三個頂級交易所的平均資金率下降到零。從歷史上看，該指標表明市場發生了重大變化。在這個週期中，降至零的每個實例最終導致了宏觀公牛集會，從而增強了長期持有人的樂觀情緒。

Adler emphasizes that while the duration of this phase is uncertain, one clear trend has emerged—Bitcoin has consistently held above the $89K mark during the consolidation period, even in the face of strong bearish pressure. This indicates that bulls are actively buying the dip, particularly around the $90K level, showcasing resilience and confidence in Bitcoin’s potential for recovery.

阿德勒（Adler）強調，儘管此階段的持續時間尚不確定，但出現了一個明顯的趨勢- 即使在面對強大的看跌壓力的情況下，Bitcoin在合併期間的合併期間一直保持在8.9萬美元的高度之上。這表明公牛正在積極購買蘸醬，尤其是在$ 90K的水平左右，展現了對比特幣恢復潛力的韌性和信心。

As Bitcoin navigates this critical phase, investors are watching closely for signs of a breakout or further consolidation. Whether the $90K level continues to hold as a key support zone will likely determine the next major move in the market.

隨著比特幣在這一關鍵階段進行導航時，投資者正在密切關注突破或進一步合併的跡象。 $ 90K的水平是否繼續作為關鍵支持區可能會決定市場上的下一個重大行動。

BTC Trading Below $100K Level

BTC交易低於$ 100K

Bitcoin is currently trading at $97,800 after five consecutive days of closing around the $96,500 level. This prolonged consolidation highlights a sense of indecision in the market, as neither bulls nor bears have managed to take full control. As the new week unfolds, the price is poised to break out of this range, potentially heading either toward the $90K demand zone or above the $100K mark to test higher supply levels.

經過$ 96,500級別的連續五天，比特幣目前的交易價格為97,800美元。這種延長的合併突出了市場上猶豫不決的感覺，因為公牛和熊都沒有完全控制。隨著新的一周的展開，價格有望突破這一範圍，有可能朝著$ 90K的需求區或高於$ 10萬美元的大關以測試更高的供應水平。

For bulls to regain control, reclaiming the $98K mark is essential. This would signal short-term strength and pave the way for a push above the psychologically significant $100K level. Successfully breaking and holding above $100K as support could trigger renewed bullish momentum, driving the price toward all-time highs and beyond.

要使公牛重新獲得控制權，重新獲得98,000美元的商標至關重要。這將標誌著短期的力量，並為超過心理意義的$ 10萬美元水平的推動鋪平了道路。成功打破並持有超過$ 10萬美元的支持可能會觸發新的看漲勢頭，將價格推向有史以來的高潮及以後。

On the other hand, losing the $95K support level would raise concerns among investors and could lead to further declines. A drop below this level would likely take BTC into the $90K demand zone, where significant buying activity has been observed during recent dips. This week will be critical in determining Bitcoin’s short-term direction, with key levels like $95K and $100K acting as pivotal zones for market sentiment. Investors should brace for potential volatility as BTC approaches a decisive move.

另一方面，失去9.5萬美元的支持水平將引起投資者的擔憂，並可能導致進一步下降。低於此水平的下降可能會使BTC進入$ 90K的需求區，在最近的下降過程中，已經觀察到了重大的購買活動。本週對於確定比特幣的短期方向至關重要，關鍵水平為$ 95K和10萬美元作為市場情緒的關鍵區域。隨著BTC採取決定性的舉動，投資者應為潛在的波動做好準備。

The featured image is from Dall-E, and the chart is from TradingView.

特色圖像來自DALL-E，圖表來自TradingView。