比特幣價格在狹窄的範圍內大量合併，暗示了超額價格壓縮

BTC價格似乎受到高價上漲的金價影響，類似於標準普爾500指數，這表明這三個相關

Bitcoin price has been heavily consolidating within a narrow range, hinting towards an excess price compression. The BTC price seems to be badly impacted by the rising gold price, similar to the S&P 500, which suggests a deep correlation between the three.

比特幣的價格在狹窄的範圍內已大大鞏固，這暗示著價格過多的壓縮。 BTC的價格似乎受到高漲的黃金價格的嚴重影響，類似於標準普爾500指數，這表明這三者之間存在深厚的相關性。

In the past few months, Bitcoin has been following a pattern of experiencing a short-term positive impact after a positive event. The recent FOMC meeting, which kept the rates unchanged, induced strength in crypto and the traditional markets. But it appeared to be a short-lived rally as the bears quickly jumped in and extracted profits.

在過去的幾個月中，比特幣一直遵循一種正面事件後的短期積極影響的模式。最近的FOMC會議使費率保持不變，引起了加密貨幣和傳統市場的實力。但是，隨著熊迅速跳入並提取利潤，這似乎是一個短暫的集會。

This raises concerns over the next price action of BTC as it remained more or less depleted in the times when the market experts predicted a strong bull run.

這引起了人們對BTC的下一個價格行動的擔憂，因為在市場專家預測強大的牛市時，它或多或少會耗盡。

Is the local bottom in for the BTC price rally or more pain is on the horizon?

BTC價格集會或更多痛苦的本地底部是否即將到來？

The recent rise to $87,000 has increased the optimism among the market participants, who expected a surge above $90,000. Meanwhile, the dropped strength of the bulls triggered the bearish activity that dragged the levels back to their initial position. The price is currently trading just above $84,000 and hence, holding the daily candle anywhere between $84,000 and $85,000 is extremely important for the token to prevent falling back to the local lows.

最近的上升到87,000美元，增加了市場參與者的樂觀情緒，他們預計會激增90,000美元以上。同時，公牛的強度下降引發了看跌活動，將水平拖回其初始位置。目前，價格的交易價格略高於84,000美元，因此，將每日蠟燭保持在84,000美元至85,000美元之間，對於代幣而言，防止落回當地低點非常重要。

Gold Hits ATH, BTC Price Consolidates–Here’s Why!

黃金擊中ATH，BTC價格合併 - 在這裡！

Gold has recently smashed new highs after surging above $3000 per ounce, which is said to be the biggest bull run. On the other hand, the S&P 500 and Bitcoin continue to consolidate within a narrow range. Moreover, both rallies have been forming a plunging ever since Donald Trump was sworn in as the new President of the U.S.

在每盎司3000美元以上飆升至3000美元之後，Gold最近粉碎了新的高點，據說這是最大的公牛奔跑。另一方面，標準普爾500指數和比特幣繼續在狹窄的範圍內合併。此外，自從唐納德·特朗普（Donald Trump）宣誓就職以來，這兩個集會一直在暴跌

Interestingly, the gold prices also took off around the same time, which suggests a momental shift of investors’ sentiments and liquidity onto the traditional investment tool. Besides, a massive drop in the BTC spot volume also substantiates the claim. Currently, Gold is outperforming Bitcoin, as the ratio between them is also falling apart. This suggests until the gold bull run is active, the BTC price rally may remain consolidated within a narrow range.

有趣的是，黃金價格也大約在同一時間起飛，這表明投資者的情緒和流動性將其轉變為傳統的投資工具。此外，BTC斑點量的大幅下降也證明了這一主張。目前，黃金的表現優於比特幣，因為它們之間的比率也崩潰了。這表明，直到金牛的運行活動才能，BTC價格集會可能仍在狹窄的範圍內保持合併。

What’s Next for the Bitcoin Price Rally?

比特幣價格集會的下一步是什麼？

Ever since the BTC price broke below the multi-month ascending support, the token has been trading under a strong bearish influence. Moreover, the failed attempt to rise above the trend line has made bears more confident. As a result, the bulls have been falling for lack of strength after a small upswing, which does not appear to be good for a healthy price rally. In the times when the market participants expect a rebound to $90,000, the broader price dynamics suggest more bearish actions are on the horizon.

自BTC價格低於多個月升高的支持以來，代幣一直在持久的看跌影響下進行交易。此外，失敗的嘗試超越趨勢線使熊變得更加自信。結果，公牛在小幅上升後由於缺乏力量而下降，這似乎對健康的價格集會並不好。在市場參與者期望反彈至90,000美元的時期，更廣泛的價格動態表明，更多的看跌行動即將到來。

The weekly chart of Bitcoin suggests the price is trying hard to clear the crucial resistance at the 200-day weekly MA at $84,634.23. With this, the price may enter the pivotal resistance zone between $85,296 and 86,466. However, the RSI continues to form lower highs and lows while the OBV follows the trend. This suggests a significant outflow of liquidity, due to which the strength of the rally is dropping consistently. Moreover, the price continues to consolidate of test the local bottoms, and the possibility of a death cross could be more viable in the long term, which could have a massive impact.

每週的比特幣圖表表明，價格正在努力清除200天每週MA的關鍵阻力，為84,634.23美元。這樣，價格可能進入關鍵阻力區85,296至86,466。但是，RSI繼續形成較低的高點和低點，而OBM遵循趨勢。這表明流動性大量流出，因此集會的強度始終如一地下降。此外，價格繼續鞏固測試本地底部，從長遠來看，死亡十字架的可能性可能更加可行，這可能會產生巨大的影響。

Now that the Bitcoin price is closely following the S&P500, it is very important to stay focused on the larger economy, the stock market, and the US and global M2.

既然比特幣價格緊隨標準普爾500指數，那麼專注於更大的經濟，股票市場以及美國和全球M2非常重要。