比特币在熊市退潮中接近关键十字路口

链上分析师 Willy Woo 认为，比特币（BTC）正在接近关键时刻，表明在看跌势头减弱的情况下可能出现看涨逆转。虽然技术指标显示看跌趋势，但 Woo 强调基本面指标基本看涨。他强调了累积交易量 Delta (CVD) 的下降，这表明紧急市场抛售减少，而交易所上的比特币价格下跌，可能表明转向持有。尽管有这些看涨迹象，吴承认周线图和月线图上存在看跌背离，这表明需要价格飙升才能打破这一趋势。比特币目前交易价格为 63,001 美元，过去一周下跌 4.6%。

Bitcoin Enters Critical 'Crunch Time' as Bearish Momentum Subsides

随着看跌势头消退，比特币进入关键“关键时刻”

Prominent on-chain analyst Willy Woo has issued an insightful analysis, suggesting that Bitcoin (BTC) is approaching a pivotal juncture as the bearish momentum that has characterized the recent market environment begins to dissipate.

著名链上分析师 Willy Woo 发表了一篇富有洞察力的分析，表明比特币 (BTC) 正接近一个关键时刻，因为近期市场环境的看跌势头开始消散。

In a comprehensive analysis shared with his 1.1 million followers on social media platform X, Woo presents a detailed assessment of key indicators that point to the potential for a bullish reversal in the near future.

在社交媒体平台 X 上与他的 110 万粉丝分享的综合分析中，Woo 对关键指标进行了详细评估，这些指标表明在不久的将来可能会出现看涨逆转。

Bullish Signals Emerge

看涨信号出现

Woo highlights the Cumulative Volume Delta (CVD) as an indicator that is starting to show signs of a waning bearish trend. The CVD measures the difference between buying and selling volume over a specified period, providing insights into the intensity of market sentiment. Woo observes that the CVD is now indicating a decline in urgent market selling pressure, suggesting that the prevailing bearish regime is gradually subsiding.

Woo 强调，累积交易量 Delta (CVD) 是一个开始显示看跌趋势减弱迹象的指标。 CVD 衡量特定时期内买卖量的差异，提供对市场情绪强度的洞察。 Woo 观察到，CVD 现在表明紧急市场抛售压力有所下降，表明普遍的看跌局面正在逐渐消退。

Another bullish indicator identified by Woo is the declining inventory of Bitcoin on crypto exchanges. This phenomenon is often interpreted as a sign of optimism, as it implies that more coins are being held in cold storage, which reduces the immediate supply available for sale. Woo notes that historically, a decline in the inventory of paper and spot BTC has corresponded with bullish market conditions.

Woo 指出的另一个看涨指标是加密货币交易所的比特币库存下降。这种现象通常被解释为乐观的迹象，因为它意味着更多的硬币被冷藏，这减少了可立即出售的供应量。 Woo 指出，从历史上看，纸币和现货 BTC 库存的下降与看涨的市场状况相对应。

The Bitcoin Risk Signal, which compares network flows to price action to gauge the level of risk associated with major price drops, is also flashing bullish. Woo points out that the Risk Signal has been trending downwards, indicating a reduced likelihood of a significant price dip.

比特币风险信号将网络流量与价格行为进行比较，以衡量与价格大幅下跌相关的风险水平，该信号也闪烁着看涨信号。 Woo 指出，风险信号一直呈下降趋势，表明价格大幅下跌的可能性降低。

Bearish Factors Remain

看跌因素依然存在

Despite the bullish signals, Woo acknowledges that the weekly and monthly Bitcoin charts still exhibit some bearish momentum. The weekly candles are printing a bearish divergence pattern, which could be confirmed on the monthly candles if the month closes with a downward price action. Woo emphasizes that a strong price rally is necessary to break this bearish divergence.

尽管出现看涨信号，吴承认比特币周线图和月线图仍然显示出一些看跌势头。周蜡烛图显示出看跌背离模式，如果该月以下行价格走势收盘，则可以在月蜡烛图上确认这一模式。 Woo 强调，要打破这种看跌背离，价格的强劲上涨是必要的。

Critical Decision Point

关键决策点

Woo concludes his analysis by stating that Bitcoin is facing a critical decision point. The combination of bearish technical indicators and bullish fundamental signals creates a highly uncertain market environment. However, the analyst believes that macroeconomic liquidity conditions will likely play a decisive role in determining the future trajectory of Bitcoin.

吴在总结他的分析时指出，比特币正面临一个关键的决策点。看跌的技术指标和看涨的基本面信号相结合，造成了高度不确定的市场环境。然而，分析师认为，宏观经济流动性状况可能在决定比特币未来走势方面发挥决定性作用。

Bitcoin's Current Market Position

比特币当前的市场地位

At the time of writing, Bitcoin is trading at $63,001, having experienced a 4.6% decline over the past seven days. Despite this recent dip, Woo's analysis suggests that the cryptocurrency is poised for a potential bullish reversal as the bearish regime subsides.

截至撰写本文时，比特币交易价格为 63,001 美元，在过去 7 天里下跌了 4.6%。尽管最近出现下跌，但 Woo 的分析表明，随着看跌局面消退，加密货币有望出现潜在的看涨逆转。