比特币（BTC）处于关键时刻，公牛队努力收回价格高于$ 85K的价格

比特币处于关键时刻，公牛队努力将价格高出85,000美元，而熊未能将BTC提高到8.80K以下。市场上的犹豫不决

U.S. President Trump’s macroeconomic uncertainty and erratic decisions continue to fuel market volatility, creating aggressive price swings across crypto and U.S. stock markets.

美国总统特朗普的宏观经济不确定性和不稳定的决定继续助长市场的波动，从而在加密货币和美国股市中创造了积极的价格波动。

As Bitcoin (BTC) struggles to break out of a tight range, macroeconomic uncertainty and U.S. President Trump’s decisions are closely followed for clues on market direction.

随着比特币（BTC）努力摆脱严密的范围，宏观经济的不确定性和美国总统特朗普的决定受到了市场指导的线索的严格遵循。

CryptoQuant’s latest analysis delves into a technical indicator that could decide Bitcoin’s next move.

CryptoQuant的最新分析探讨了可以决定比特币的下一步行动的技术指标。

Bitcoin UTXO Block P/L Count Ratio Model Is At 50.2

比特币UTXO块P/L计数比率模型为50.2

According to CryptoQuant’s latest insights, the Bitcoin UTXO Block P/L Count Ratio Model is currently at 50.2. This metric measures how many recent BTC transactions are occurring at a profit versus a loss, providing valuable data for gauging market sentiment and potential reversals.

根据CryptoQuant的最新见解，比特币UTXO块P/L计数比率模型目前为50.2。该指标衡量了以利润与损失的近期BTC交易的数量，为衡量市场情绪和潜在逆转提供了宝贵的数据。

When the P/L Count Ratio is high, it indicates that more transactions are being made at a profit, suggesting strong bullish sentiment and the potential for further price increases. Conversely, a low P/L Count Ratio signals that a greater portion of transactions are resulting in losses, which could be a sign of bearish pressure and potential market weakness.

当P/L计数比率很高时，这表明正在获利的更多交易，表明强烈的看涨情绪和进一步价格上涨的可能性。相反，较低的P/L计数比率表明，更多的交易导致损失，这可能是看跌压力和潜在市场弱点的迹象。

CryptoQuant's analysis reveals that if this indicator drops by just 30 points, it would reach levels observed during previous cycle corrections.

加密的分析表明，如果此指标下降仅30点，则将达到在上一个周期校正期间观察到的水平。

One notable instance was in July 2021 when Bitcoin experienced a downturn following China’s mining ban, marking the final stage of a major downtrend before a swift recovery.

一个值得注意的例子是在2021年7月，当时比特币在中国的采矿禁令后经历了下滑，标志着在迅速恢复之前的重大趋势的最后阶段。

After falling from highs above $69K to lows around $28K in March 2020, Bitcoin experienced a strong recovery, eventually surpassing $69K again in August 2021. However, this recovery was interrupted by China’s complete ban on cryptocurrency mining in July 2021, leading to another leg down.

在2020年3月的高价跌至28,000美元左右的低点之后，比特币经历了强劲的恢复，最终在2021年8月再次超过了69,000美元。但是，由于中国在2021年7月对加密货币挖掘的完全禁令中断了这种恢复，导致了另一只腿。

Despite the setback, Bitcoin managed to recover quickly from the July 2021 lows, rising back above $40K in September 2021. This recovery was fueled by a drop in the Bitcoin UTXO Block P/L Count Ratio Model to 19.2, a level that had previously signaled the bottom during the March 2020 crypto crash.

尽管遇到了挫折，但比特币还是从2021年7月的低点中迅速恢复，在2021年9月的$ 40K上升到了4万美元以上。这次恢复是由于比特币UTXO块P/L计数比率下降的推动了19.2，此前在2020年3月在2020年3月的Crypto撞车事故中以前曾表示底层。

As this indicator dropped below 20, it coincided with the final stage of the 2021 cycle correction, setting the stage for a swift recovery in the latter half of 2021.

由于该指标下降到20以下，它与2021循环校正的最后阶段相吻合，这为2021年后半段迅速恢复奠定了基础。

Bitcoin Still Down 29% From ATH

比特币仍然从ATH下降29％

Bitcoin’s downtrend accelerated after failing to maintain the $100K level, confirming a bearish trend with a decisive break below $90K.

比特币的下降趋势在未能维持10万美元的水平后加速了，这证实了看跌趋势的果酱趋势低于$ 90k。

From its all-time high of $109K reached in January, Bitcoin has declined by over 29%, leaving investors searching for signs of a bottom and a potential recovery.

从一月份到达的历史最高售价为10.9万美元，比特币下降了29％以上，使投资者在寻找底部的迹象和潜在的恢复迹象。

Adding to the uncertainty in the market are ongoing trade war tensions between the U.S. and major global economies, including Europe, China, and Canada. These geopolitical events have implications for macroeconomic stability and could influence investor risk appetite.

市场上的不确定性加剧了美国与包括欧洲，中国和加拿大在内的主要全球经济体之间的贸易战紧张局势。这些地缘政治事件对宏观经济稳定有影响，并可能影响投资者的风险食欲。

Moreover, macroeconomic instability, evident in tight monetary policies and rising inflation concerns, has contributed to increased volatility in risk assets like crypto and U.S. stocks.

此外，宏观经济的不稳定在严格的货币政策和通货膨胀问题上明显，导致了加密货币和美国股票等风险资产的波动增加。

In the present market conditions, investors are closely following technical indicators and macroeconomic data to anticipate Bitcoin’s next move, which could have broader implications for the crypto sphere.

在当前的市场条件下，投资者紧密遵循技术指标和宏观经济数据，以预测比特币的下一步行动，这可能对加密球体具有更大的影响。