遭受陡峭的30％校正後，比特幣（BTC）顯示了強度的跡象

儘管有波動性，比特幣的彈性正在引起人們的注意。根據加密誇張的見解，鯨魚（不包括交換和採礦池之類的實體的鯨魚持有人）並未退出其立場。

Bitcoin (BTC) is showing signs of strength once again after suffering a steep 30% correction that took prices below the $75,000 mark. The broader crypto market joined BTC in a sharp rebound following a key macro development: U.S. President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China, which now faces a 145% tariff. This easing of trade war fears brought some much-needed relief across risk assets.

比特幣（BTC）遭受了陡峭的30％的糾正，價格低於75,000美元，再次顯示出強度的跡象。在關鍵的宏觀發展之後，更廣泛的加密市場加入了BTC：美國總統唐納德·特朗普（Donald Trump）宣布對除中國以外的所有國家 /地區的相互關稅暫停90天，現在面臨145％的關稅。貿易戰的緩解恐懼帶來了跨風險資產的一些急需的緩解。

Despite the volatility, Bitcoin’s resilience is gaining attention. According to insights from CryptoQuant, whales—large holders excluding entities like exchanges and mining pools—have not exited their positions. In fact, current on-chain data shows accumulation activity similar to what was observed during the August–September 2023 sideways market phase. This pattern historically reflects long-term conviction and has often preceded major rallies.

儘管有波動性，比特幣的彈性正在引起人們的注意。根據加密誇張的見解，鯨魚（不包括交換和採礦池之類的實體的鯨魚持有人）並未退出其立場。實際上，當前的鏈上數據顯示，積累活動類似於2023年8月至9月側向市場階段所觀察到的活動。這種模式在歷史上反映了長期的信念，並且經常在重大集會之前。

While short-term uncertainty remains, the continued presence of whale accumulation supports the idea that this correction is part of a broader bullish cycle rather than a structural breakdown. As prices stabilize and sentiment slowly improves, Bitcoin now faces a critical test to reclaim higher levels and potentially resume its upward trajectory.

儘管短期不確定性仍然存在，但鯨魚積累的持續存在支持這樣的想法，即這種校正是更廣泛的看漲週期的一部分，而不是結構性崩潰。隨著價格穩定和情感的逐漸改善，比特幣現在面臨著重大水平的重要測試，並可能恢復其向上的軌跡。

Bitcoin Resilient As Key Accumulation Suggests Bull Cycle Intact

比特幣彈性作為關鍵積累表明牛週期完整

Bitcoin remains strong after reclaiming the $80,000 level, and many analysts believe the worst part of the correction is over. However, global tensions—especially those tied to escalating U.S. tariffs—continue to pressure financial markets, with fears of a looming global recession growing.

比特幣在收回了80,000美元的水平後仍然很強大，許多分析師認為，更正的最糟糕的部分已經結束。但是，全球緊張局勢，尤其是那些與美國關稅升級的緊張關係 - 與金融市場施加壓力，擔心全球衰退迫在眉睫。

Despite this backdrop, Bitcoin has shown resilience and is now approaching a critical daily resistance near $88,700.

儘管有這種背景，但比特幣表現出彈性，現在每天都接近$ 88,700。

The recent 90-day pause on reciprocal tariffs for all nations except China, which still faces a 145% tariff, has provided some short-term relief. But lasting recovery depends on whether the U.S. and China can reach a broader agreement.

除中國以外的所有國家（仍面臨145％關稅）以外的所有國家的相互關稅的最新90天停頓提供了一些短期救濟。但是持久的恢復取決於美國和中國是否可以達成更廣泛的協議。

Meanwhile, on-chain data from CryptoQuant reveals a compelling trend: Bitcoin whales haven’t made their exit. These whales, excluding exchanges and mining pools, offer a clearer view of real trading behavior and accumulation patterns. Historically, their movements have closely mirrored price action.

同時，來自加密素養的鍊鍊數據表明了一個引人注目的趨勢：比特幣鯨沒有退出。這些鯨魚不包括交換和採礦池，可以更清楚地了解實際交易行為和積累模式。從歷史上看，他們的動作非常反映了價格動作。

At the cycle peak last year, whale exits were marked by consistent profit-taking. This time, however, they are accumulating again, echoing patterns seen in the August–September 2023 sideways market. Unlike the 2020 COVID crash, which whales anticipated with early exits, they are holding firm during this correction.

在去年的周期峰值上，鯨魚出口以持續的利潤為標誌。但是，這次他們再次積累，在2023年8月至9月的側向市場中看到的模式。與鯨魚預期在早期出口預期的鯨魚崩潰的情況下，他們在此更正期間保持堅定。

This suggests the current downturn is not a structural crisis but a sharp pullback in a broader bull cycle. If this manufactured crisis resolves, a new wave of liquidity—possibly driven by QE from both the Fed and China—could favor assets like gold and Bitcoin. For now, whale conviction remains a bullish signal.

這表明當前的低迷不是結構性危機，而是更廣泛的牛週期中的急劇下降。如果這種製造的危機解決了，那麼新的流動性 - 可能是由美聯儲和中國的QE驅動的，應該有利於金和比特幣等資產。目前，鯨魚定罪仍然是看漲的信號。

BTC Price Near Key Moving Averages

BTC價格靠近鑰匙移動平均

Bitcoin is trading at $83,600, now just 5% away from the 200-day moving average (MA) around $87,100. This technical level is a crucial milestone for bulls aiming to confirm a reversal and reestablish a long-term uptrend.

比特幣的交易價格為83,600美元，現在距離200天移動平均線（MA）僅5％，約為87,100美元。對於公牛的目的是確認逆轉並重新建立長期上升趨勢，這是一個至關重要的里程碑。

To build a solid bullish case, BTC must not only hold above the $81,000 support zone but also reclaim the $85,000 level, which aligns closely with the 200-day exponential moving average (EMA).

要建立一個堅實的看漲案件，BTC不僅必須超過81,000美元的支持區，而且還必須重新獲得85,000美元的水平，這與200天的指數移動平均線（EMA）緊密相符。

Reclaiming these moving averages would signal a potential shift in trend, helping reinforce short-term momentum and restore confidence across the market. The price action over the past week has shown signs of strength, but technical validation through these averages is essential before a true breakout can unfold.

收回這些移動平均值將表示趨勢的潛在轉變，有助於增強短期動量並恢復整個市場的信心。過去一周的價格行動顯示出強度的跡象，但是在真正的突破之前，通過這些平均值進行技術驗證至關重要。

However, downside risks remain. If Bitcoin fails to maintain the $81,000–$80,000 range, selling pressure could escalate quickly. A breakdown below this region would likely open the door to a retest of the $75,000 level, where demand could be tested again.

但是，仍然存在下行風險。如果比特幣無法維持81,000美元至80,000美元的範圍，那麼銷售壓力可能會迅速升級。低於該地區的故障可能會為重新測試75,000美元的重新測試打開了大門，在那裡需求可以再次進行測試。

With macroeconomic tensions still affecting investor sentiment, BTC is at a critical inflection point. The coming days will determine whether bulls can solidify control—or if another correction leg is on the horizon.

由於宏觀經濟緊張局勢仍影響投資者的情緒，BTC處於關鍵的拐點。接下來的日子將決定公牛是否可以鞏固控制，或者其他校正腿在地平線上。