在強勁轉向上方之後，比特幣已收回了$ 85,500的水平

比特幣在強勁的上升空間之後，比特幣收回了85,500美元的水平，重新激發了人們向心理$ 90,000大關推動的希望。

Bitcoin price rose on Monday, kicking off the new week of trading with a move back above the $85,500 level. The recent strength in BTC sparked hopes of a push toward the psychological $90,000 mark, although broader financial market uncertainty continues to loom large.

比特幣價格週一上漲，開始了新的交易一周，返回了85,500美元的水平。 BTC最近的實力引發了人們的希望，即朝著心理上的90,000美元大關推動，儘管更廣泛的金融市場不確定性仍然存在巨大。

Despite the crypto market’s relative resilience throughout the recent stock market downturn and the threat of an escalating trade war, investors remain cautious.

儘管加密市場在最近的股票市場下滑和貿易戰升級的威脅中具有相對的韌性，但投資者仍然謹慎。

Bitcoin Liquidity Remains Strong Despite Slowdown

儘管放緩，比特幣流動性仍然很強

Recent reports in the crypto sphere have claimed that Bitcoin liquidity is sharply dropping as capital flows into the market are slowing. However, on-chain data from CryptoQuant suggests otherwise.

加密球體的最新報導聲稱，隨著資本流入市場的放緩，比特幣流動性急劇下降。但是，來自加密量的鍊鍊數據另有說明。

The slowdown in Bitcoin’s Realized Capitalization growth—currently at +0.6% per month—indicates a reduction in new capital entering the market. But it doesn’t necessarily signal a decrease in liquidity.

比特幣實現的資本化增長的放緩（目前為每月 +0.6％）表明，新資本進入市場的減少。但這並不一定意味著流動性下降。

According to CryptoQuant’s data, Bitcoin’s Realized Capitalization continues to grow at a slow and steady pace. The eight-week MA of Realized Capitalization stands at around $866 billion, showcasing a slow but persistent inflow of capital.

根據CryptoQuant的數據，比特幣的實現資本化繼續以緩慢而穩定的速度增長。八週的實現資本化碩士約為8660億美元，展示了緩慢但持續的資本流入。

This growth is now decelerating, which might lead some to infer that liquidity is declining. However, such a conclusion would be premature and incomplete.

現在，這種增長正在減速，這可能會導致一些人推斷流動性正在下降。但是，這樣的結論將過早且不完整。

While the rate of new capital entering Bitcoin is slowing down, it’s not yet signaling a liquidity breakdown. The market is cooling down from the frantic buildup seen in late 2023 and early 2024.

儘管進入比特幣的新資本率正在放緩，但尚未表明流動性崩潰。市場正在從2023年底和2024年初的瘋狂積累中降低。

Bitcoin Price Testing Crucial Supply

比特幣價格測試至關重要的供應

Bitcoin is currently trading at $88,200 after days of speculation surrounding a potential recovery rally. While the recent upward movement has injected optimism into the market, bulls still face a critical test.

經過數天的猜測，比特幣目前的交易價格為88,200美元。儘管最近的上昇運動已經對市場注入了樂觀，但公牛仍然面臨著重要的測試。

To confirm a new uptrend and signal the start of a fresh bull phase, Bitcoin must reclaim and hold above the $90,000 level—a key psychological and technical resistance.

為了確認新的上升趨勢並表示新的公牛階段的開始，比特幣必須收回並保持超過90,000美元的水平，這是一種關鍵的心理和技術抵抗力。

This level has acted as a strong barrier in recent weeks, and a decisive breakout could encourage more capital inflows and shift sentiment in favor of buyers. However, the risk of rejection remains high.

最近幾週，該水平是一個強大的障礙，決定性的突破可以鼓勵更多的資本流入和轉移情緒，而有利於買家。但是，被拒絕的風險仍然很高。

If BTC fails to break above $90K and close convincingly above both the 200-day moving average (MA) and the 200-day exponential moving average (EMA), then we could see a swift return of bearish pressure.

如果BTC未能超過$ 90K，並令人信服地超過200天移動平均線（MA）和200天的指數式移動平均線（EMA），那麼我們可以看到看跌壓力的迅速返回。

A failure to maintain momentum at this stage could trigger a pullback below the $84,000 level, where short-term support is expected to be tested.

在此階段，未能保持動力可能會觸發低於84,000美元的回調，預計將對短期支持進行測試。

Bitcoin is approaching a crucial juncture as it stalls at a key resistance zone. The cryptocurrency faces an immediate resistance at the 200-day MA and the 200-day EMA, both located around $89,800. A breakout above this level could propel Bitcoin toward the next resistance at $90,000.

比特幣正在接近關鍵時刻，因為它停滯在鑰匙阻力區域。加密貨幣在200天的MA和200天的EMA上面臨著立即的阻力，均位於約89,800美元。超過此水平的突破可能會推動比特幣的下一個阻力，為90,000美元。

Moreover, if the bears manage to sink Bitcoin below the $84,000 support, it could open the door for further declines. In the broader market, stock futures are indicating a muted open on Monday, signaling that the recent rally might be losing steam.

此外，如果熊隊設法將比特幣降低到84,000美元的支持下，則可以為進一步的下降打開大門。在更廣泛的市場中，股票期貨在周一表明開放式開放，這表明最近的集會可能正在失去動力。

As the market navigates this critical juncture, market participants will be closely watching price action and macroeconomic signals. For now, bullish hopes are alive—but investor caution shows no signs of fading.

當市場導航這一關鍵時刻時，市場參與者將密切關注價格動作和宏觀經濟信號。目前，看漲希望已經活著 - 但投資者的警告沒有顯示出褪色的跡象。