如果比特幣要重寫歷史記錄怎麼辦？

儘管股票市場在自由秋季中暴跌，而黃金在上一張光芒之後停了下來，但第一個加密貨幣自豪地佔據了高位。

Stock markets may be plummeting in a dramatic free fall, and gold took a pause after its last stellar performance, but the first cryptocurrency is holding its head high. It's no longer clinging to the wheel of its elders; it's galloping ahead in a phenomenon that some already describe as the great decoupling. A new era where Bitcoin is not following anyone, not even gold. And in the distance, like a star in the sky of financial imagination: $100,000. Analyst fantasy? Leap of faith? Or simply the logical continuation of a scenario already written ...

股票市場可能會在戲劇性的自由跌倒中暴跌，黃金在上一次出色的表現後停了下來，但第一次加密貨幣的頭部高高。它不再緊貼長老的輪子。在某些人已經將其描述為偉大的脫鉤的現像中，它正在奔騰。一個新時代，比特幣沒有跟隨任何人，甚至沒有黃金。在遠處，就像財務想像的天空中的一顆星星：100,000美元。分析師幻想？信仰飛躍？或僅僅是已經編寫的場景的邏輯延續...

Decoupling in progress: Bitcoin detaches from classic benchmarks

正在進行的解耦：比特幣與經典基準分離

The scenario could have looked like a remake of 2020: a shocking announcement from the White House, panic in the markets, massive sell-off of risky assets. And yet ... Bitcoin held strong.

這種情況似乎看起來像是2020年的翻拍：白宮的令人震驚的宣布，市場上的恐慌，大量銷售了風險的資產。然而……比特幣保持強大。

While American stock markets were down 10.65% and gold, despite a historic peak of $3,167, fell by 4.8%, BTC rose by 4.5%, once again crossing the mark of $84,700.

儘管美國股票市場下跌了10.65％和黃金，儘管歷史上的高峰為3,167美元，但下降了4.8％，但BTC上升了4.5％，再次超過84,700美元。

On X, James Seyffart is astonished:

在X上，詹姆斯·塞夫特（James Seyffart）感到驚訝：

I am really a bit shocked by Bitcoin's resilience. I never envisaged it holding above $80,000 in such a massive sell-off of risky assets ... Even gold is in negative territory?

我真的對比特幣的彈性感到有些震驚。我從來沒有設想過它在如此巨大的風險資產中賣出80,000美元以上……甚至黃金都在負面的領土上？

The same sentiment is shared by Crypto Rover, who exclaims:

加密羅佛（Crypto Rover）共享了同樣的觀點，他大聲疾呼：

American stocks are crashing. Gold is crashing. Bitcoin is rising. An incredible force!

美國股票正在崩潰。黃金正在崩潰。比特幣正在上升。令人難以置信的力量！

This is where enters an old couple from the financial world: gold and Bitcoin. The famous "gold leads, Bitcoin follows," a theory that has returned like an obsessive refrain among analysts.

這是進入金融界的一對老夫婦的地方：黃金和比特幣。著名的“黃金鉛，比特幣遵循”，這種理論像分析師之間的痴迷一樣回來了。

What if history were to repeat itself? In 2019 already, gold rose by 15% ... before the Bitcoin price exploded by +170%.

如果歷史要重複該怎麼辦？在2019年，黃金已經上升了15％...在比特幣價格爆發 +170％之前。

This time, some, like MacroScope, see in a return to 100K "a strong signal that a new long-term movement is underway." A passing of the torch. A rite of passage.

這次，有些人，例如宏觀鏡，請參見回到100k的“強烈信號，表明正在進行新的長期運動正在進行中”。火炬傳遞。通過儀式。

The $100,000 in sight — between graphic hopes and macro threats

售價100,000美元 - 圖形希望與宏觀威脅之間

The mythical barrier of $100,000 is no longer just a shiny number that dazzles in the dreams of maximalists. It's a milestone, a signal. For some, crossing it would mark the beginning of a new long-term cycle, a cycle where Bitcoin definitively emancipates itself from its status as an alternative asset to become ... an obvious choice.

100,000美元的神話障礙不再只是一個閃亮的數字，它在最大化主義者的夢想中眼花azz亂。這是一個里程碑，一個信號。對於某些人來說，越過它將標誌著一個新的長期週期的開始，一個週期，比特幣明確地從其作為替代資產的地位中解放出來，成為一個明顯的選擇。

But beware of the sirens. The BTC/XAU ratio, which measures Bitcoin's strength against gold, shows a bearish fractal, identical to the one that preceded a massive drop in 2021. If the scenario repeats itself, a correction towards $65,000, even $20,000, is not excluded. Yes, even in this golden dream, the ground can shift beneath our feet.

但是要當心警報器。測量比特幣對黃金的強度的BTC/XAU比率顯示出看跌的分形，與2021年大量下降之前的分形相同。如果這種情況重複出現，則不排除在65,000美元（甚至20,000美元）上的校正，甚至不排除。是的，即使在這個黃金夢中，地面也可以在我們的腳下移動。

And as if that weren't enough, the economic horizon remains turbulent: the Fed curbs enthusiasm, pushes back hopes for rate cuts, while Donald Trump raises the threat of a global trade war.

好像這還不夠，經濟視野仍然是動蕩的：美聯儲的熱情遏制了人們對削減稅率的希望，而唐納德·特朗普（Donald Trump）則引起了全球貿易戰的威脅。

So, dream or reality, is this threshold of $100,000? One thing is certain: Bitcoin is in the process of inventing its own grammar. It writes its score against the clock. And while indexes stumble, precious metals hesitate, it carves its path towards the unknown, altitude, audacity. For Arthur Hayes, this rising tension orchestrated by Trump could well become the very essence of a new bull market: "the tariffs will propel gold and Bitcoin to new highs." The best may still be to come.

那麼，夢或現實，這個門檻是100,000美元嗎？可以肯定的是：比特幣正在發明自己的語法。它在時鐘上寫得分。儘管索引偶然發現，但貴金屬卻猶豫了，但它卻刻畫了通往未知，高度，大膽的道路。對於亞瑟·海斯（Arthur Hayes）來說，特朗普策劃的這種不斷上升的緊張局勢很可能成為一個新的牛市的本質：“關稅將推動黃金和比特幣的新高點。”最好的可能仍然是來。