随着市场情绪和价格相关性测试关键水平，比特币（BTC）等待决定性举措

比特币目前正在测试需求低于 9.5 万美元大关，这是一个可以为下一次反弹提供所需燃料的关键水平。

Bitcoin price is currently testing demand below the $95K mark, a crucial level that could provide the fuel needed for the next rally.

比特币价格目前正在测试低于 9.5 万美元大关的需求，这是一个可以为下一次反弹提供所需燃料的关键水平。

While this consolidation phase has left many investors nervous about a potential deeper correction, some even speculating that BTC may have already peaked, key metrics paint a more optimistic picture.

尽管这一盘整阶段让许多投资者对潜在的进一步调整感到紧张，一些人甚至猜测比特币可能已经见顶，但关键指标描绘了一幅更为乐观的景象。

CryptoQuant analyst Axel Adler recently shared a compelling chart showing the market sentiment and price correlation, offering valuable insights into the market’s current state. According to Adler, the market will become overheated only when the index featured in the chart reaches the 95th percentile—a level that historically signals the beginning of a correction phase. Encouragingly, the market remains well below this threshold, suggesting there is still room for further upside before hitting critical resistance.

CryptoQuant 分析师 Axel Adler 最近分享了一张引人注目的图表，显示了市场情绪和价格相关性，为市场当前状态提供了宝贵的见解。阿德勒认为，只有当图表中的指数达到第 95 个百分位数时，市场才会变得过热——这个水平在历史上标志着修正阶段的开始。令人鼓舞的是，市场仍远低于这一门槛，表明在触及关键阻力位之前仍有进一步上涨的空间。

This analysis aligns with the broader sentiment among long-term investors, who view the current consolidation as a healthy pause in Bitcoin’s upward trajectory. As BTC holds above key support levels, all eyes are on its ability to break back above $95K and reclaim the psychological $100K mark, potentially setting the stage for another significant rally.

这一分析与长期投资者的广泛情绪相一致，他们认为当前的盘整是比特币上行轨迹的健康暂停。随着 BTC 保持在关键支撑位上方，所有人的目光都集中在其能否突破 9.5 万美元并收复 10 万美元心理关口，这可能为另一次大幅上涨奠定基础。

Bitcoin Awaiting Decisive MoveAfter weeks of consolidation below the pivotal $100K mark, Bitcoin is finding strong demand above the $92K level, signaling resilience amidst market uncertainty. Analysts are closely monitoring this level as BTC approaches a critical juncture, with expectations for a decisive move. Whether the price breaks above $100K or dips below $90K remains to be seen, but the stakes are high as investors prepare for significant volatility.

比特币正在等待决定性的举动 在 10 万美元关键关口下方盘整数周后，比特币在 9.2 万美元上方发现了强劲的需求，这表明比特币在市场不确定性中具有弹性。随着比特币接近关键时刻，分析师正在密切关注这一水平，并预计将采取决定性举措。价格是否突破 10 万美元或跌破 9 万美元仍有待观察，但随着投资者为大幅波动做好准备，风险很高。

Adler recently shared insightful data and analysis, highlighting key metrics that should be monitored throughout the year to anticipate market shifts. Adler revealed that the market will reach an overheated state when the Market Sentiment and Price Correlation index climbs to the 95th percentile. Historically, this level has signaled the onset of major corrections, making it a crucial threshold to watch.

阿德勒最近分享了富有洞察力的数据和分析，强调了全年应监控的关键指标，以预测市场变化。 Adler透露，当市场情绪和价格相关指数攀升至95%时，市场将达到过热状态。从历史上看，这一水平预示着重大调整的开始，使其成为值得关注的关键门槛。

Adler emphasizes three key indicators to monitor as the index approaches this critical level: Long-Term Holder (LTH) sales, ETF outflows, and investor behavior concerning MicroStrategy (MSTR) shares. These signals, when aligned, are likely to mark the beginning of a correction phase. For now, Bitcoin remains in a holding pattern, with strong demand propping up its price, but the next major move could set the tone for the rest of the year.

Adler 强调，当指数接近这一关键水平时，需要监控三个关键指标：长期持有者 (LTH) 销售、ETF 流出以及有关 MicroStrategy (MSTR) 股票的投资者行为。这些信号一旦对齐，很可能标志着修正阶段的开始。目前，比特币仍处于持有状态，强劲的需求支撑着其价格，但下一个重大举措可能会为今年剩余时间定下基调。

Critical Levels To WatchBitcoin is currently trading at $94,500, holding above key support but facing challenges to regain bullish momentum. For the bulls to take control, reclaiming the $95,000 mark is the first step. However, this alone won’t suffice. To confirm a sustained uptrend, BTC must push above the $98,000 and $100,000 levels in the coming days.

值得关注的关键水平比特币目前交易价格为 94,500 美元，保持在关键支撑位之上，但面临重获看涨势头的挑战。对于多头来说，夺回 95,000 美元大关是第一步。然而，仅此还不够。为了确认持续的上升趋势，比特币必须在未来几天突破 98,000 美元和 100,000 美元的水平。

The $100K level remains a psychological and technical barrier. Breaking above it is critical, but to solidify the uptrend, Bitcoin must hold above this mark for several days. A sustained presence above $100K would provide confidence to market participants and signal the continuation of the bullish structure.

10 万美元水平仍然是一个心理和技术障碍。突破该水平至关重要，但为了巩固上升趋势，比特币必须在几天内保持在该水平之上。持续高于 10 万美元将为市场参与者提供信心，并标志着看涨结构的持续。

On the flip side, failure to reclaim these crucial levels could result in further downside. If BTC struggles to move past the $95,000 mark and fails to retake the $98K and $100K levels, a drop below the $92,000 support becomes increasingly likely. Such a scenario would expose Bitcoin to deeper corrections, potentially targeting the $85,000 demand zone.

另一方面，未能恢复这些关键水平可能会导致进一步的下行。如果 BTC 难以突破 95,000 美元大关，并且未能重新回到 98,000 美元和 100,000 美元水平，那么跌破 92,000 美元支撑位的可能性就会越来越大。这种情况将使比特币面临更深层次的调整，可能会瞄准 85,000 美元的需求区域。

The next few days will be pivotal as BTC navigates a tight trading range. Whether bulls can reclaim control or bears push prices lower will set the tone for the weeks ahead.

未来几天将是关键的几天，因为比特币将在狭窄的交易区间内徘徊。多头是否能夺回控制权，或者空头是否会压低价格，将为未来几周定下基调。

Featured image from Dall-E, chart from TradingView

精选图片来自 Dall-E，图表来自 TradingView