比特币（BTC）模仿过去的ATH趋势，指出$ 97.5K是维持看涨势头的关键支持水平：分析师Ali

加密分析师阿里（Ali）指出，比特币的潜在支持水平为97,530美元，是维持当前看涨势头的关键。

A crypto analyst, Ali, highlights Bitcoin’s crucial support level at $97,530 for maintaining the current bull run.

一名加密分析师Ali强调了比特币的关键支持水平，以维持当前的牛跑。

Bitcoin (BTC) price has been trading within a tight range following a new all-time high (ATH) at $109K on Jan. 20, and is now changing hands at $105,128.95 on Jan. 24, showing a 3.5% decrease from the previous high, according to CoinMarketCap.

1月20日新的历史最高水平（ATH）以109K美元的新高（ATH）之后，比特币（BTC）的价格一直在紧缩范围内，现在1月24日以105,128.95美元的价格易手，显示出比以前的3.5％下降3.5％根据CoinMarketCap的说法高。

Understanding Bitcoin’s support level

了解比特币的支持水平

In crypto trading, support levels are an important price point, where buying demand usually increases. Should BTC remain above this significant threshold, it may continue its trajectory upward, with investors feeling confident in this bullish decision. This level is a key litmus test of BTC’s market strength during volatility.

在加密交易中，支持水平是重要的价格，购买需求通常会增加。如果BTC仍然超过这一重大阈值，它可能会继续向上轨迹，投资者对这个看涨的决定充满信心。该水平是对波动率期间BTC市场强度的关键试石测试。

As posted by analyst Ali, the UTXO Realized Price Distribution (URPD) informs traders of where Bitcoin holders purchased their BTC or last moved their BTC. It indicates the number of BTC that have last moved to wallets priced at various price levels.

正如分析师Ali发布的那样，UTXO实现了价格分配（URPD），将比特币持有人购买其BTC或上次移动BTC的位置。它表明BTC的数量上次移至以不同价格水平的钱包。

At $97,530, the URPD chart shows a cluster of activity, which means many investors bought or are sitting on a holding of BTC around this level. Strong buying interest at this level reinforces its role as a psychological and technical support.

URPD图表以97,530美元的价格显示了一系列活动，这意味着许多投资者在此级别上购买或坐在BTC上。在此级别上，强烈的购买兴趣加强了其作为心理和技术支持的作用。

Bitcoin mimicking past ATH trend

比特币模仿过去的ATH趋势

The behavior around $97,530 mimics that seen in previous ATH consolidation phases for BTC. As with prior cycles, the price is stabilizing near a supportive zone with the potential for an upside. This level showed strong buyer confidence, though there are some light pullbacks.

BTC以前的ATH合并阶段中看到的$ 97,530的行为。与先前的周期一样，价格在支撑区附近稳定，具有上升空间的可能性。尽管有一些轻松的回调，但该水平表现出强烈的买家信心。

Analyzing sell-side risk of Bitcoin

分析比特币的卖方风险

The Sell-Side Risk Ratio, which measures the pressure from investors who are liquidating holdings, has declined as the amount of BTC sent to exchanges for sale has fallen. Such diminishing sell-side pressure is bolstering the current price stability of BTC.

衡量清算股份的投资者的压力的卖方风险比率已下降，因为发送到出售交易的BTC金额已下降。如此减少的卖方压力加强了BTC当前的价格稳定性。

Glassnode also highlights shrinking volatility metrics, with BTC trading in an exceptionally narrow 60-day price range, which is often a precursor to significant market events.

GlassNode还突出了缩小的波动指标，BTC的交易处于异常狭窄的60天价格范围，这通常是重大市场事件的前身。

Will Bitcoin sustain the bull run?

比特币会维持公牛奔跑吗？

To reiterate crypto analyst Ali, the ongoing bull run will largely depend on whether BTC can maintain its key support level at $97,530. On-chain fundamental data confirms diminished sell-side pressure and consistent accumulation by long-term holders as indicators that the market is in a solid position to sustain upward movement.

为了重申加密分析师阿里（Ali），正在进行的公牛运行将在很大程度上取决于BTC是否可以将其关键支持水平保持在97,530美元。链上的基本数据证实，卖方压力减少了，长期持有人的积累一致，这是市场处于稳固的位置以维持向上移动的稳定地位。

Long-term #Bitcoin $BTC holders have experienced every phase of the market cycle, and right now, greed is taking over! pic.twitter.com/2RL6clWLOZ

长期#bitcoin $ btc持有人已经体验了市场周期的每个阶段，而现在，贪婪正在接管！ pic.twitter.com/2rl6clwloz

If this level is maintained as support, then BTC could see a retest and a new market peak towards its former all-time high, boosting the ongoing bullish run. However, failing to hold $97,530 could introduce risks to the bull run.

如果该水平得到支持，那么BTC可能会看到重新测试和新的市场达到其以前的历史最高水平，从而提高了正在进行的看涨奔跑。但是，未能持有$ 97,530可能会给公牛跑带来风险。