比特币 (BTC) 价格分析：BTC 期权到期与下跌同时发生，4 小时图表上形成阻力

比特币在本周早些时候有望复苏反弹后，昨天收盘下跌-3.63%。此次下跌恰逢 Deribit 价值 145 亿美元的 BTC 期权到期

Bitcoin price dropped further on Friday, as the promising recovery bounce seen earlier this week stalled. This decline coincides with the expiration of $14.5 billion in BTC options on Deribit, with a max pain price of $85,000.

由于本周早些时候出现的有希望的复苏反弹陷入停滞，比特币价格在周五进一步下跌。此次下跌恰逢 Deribit 上 145 亿美元的 BTC 期权到期，最高痛苦价格为 85,000 美元。

While these expirations could explain part of the drop, they don't fully account for the lackluster performance.

虽然这些到期可以解释部分下降的原因，但它们并不能完全解释表现不佳的原因。

The 4-hour chart reveals newly formed resistance, with RSI breaking support and OBV remaining flat. Volume is also significantly below levels seen weeks ago. Without a strong short-term trend or volume, Bitcoin's price action remains uninspiring. The daily time frame mirrors these struggles, with RSI and OBV underperforming and a potential red TBO Cross Down forming on today's candle, though it's too early to confirm.

4小时图显示新形成的阻力，RSI突破支撑，OBV保持持平。成交量也明显低于几周前的水平。如果没有强劲的短期趋势或交易量，比特币的价格走势仍然平淡无奇。每日时间框架反映了这些挣扎，RSI 和 OBV 表现不佳，今天的蜡烛上可能形成红色 TBO 交叉下行，尽管现在确认还为时过早。

Bitcoin's inability to break above the 1.618 Fibonacci extension from the March top highlights its current struggle. However, it has yet to close below this level, maintaining some hope for support.

比特币无法突破 3 月份顶部的 1.618 斐波那契延伸线，凸显了其当前的困境。然而，它尚未收于该水平下方，仍保留一些支撑希望。

Meanwhile, Ethereum's situation appears weaker, as it failed to breach the top of its daily TBO Cloud and remains stuck in bearish consolidation. Volume for ETH has also dried up, and the daily TBO Slow line has flattened, further dampening its outlook.

与此同时，以太坊的情况似乎较弱，因为它未能突破每日 TBO 云的顶部，并仍陷入看跌盘整之中。 ETH 的交易量也已经枯竭，每日 TBO 慢速线已经趋于平缓，进一步削弱了其前景。

Dominance Levels and Mixed Crypto Signals

主导水平和混合加密信号

Stablecoin dominance popped back inside its daily TBO Cloud, with the cloud turning grey, signaling potential consolidation rather than bearish continuation. This shift dampens hopes for a swift return to a greed-driven market.

稳定币的主导地位在每日 TBO 云中重新占据主导地位，云变成灰色，表明潜在的整合而不是继续看跌。这种转变削弱了人们对迅速回归贪婪驱动市场的希望。

Bitcoin dominance (BTC.D) has climbed back above the daily TBO Cloud, though its weekly chart shows continued weakness, with wicks back into the cloud signaling indecision. A move above resistance on BTC.D could pressure altcoins further, but the current lack of strong signals leaves the market in limbo.

比特币的主导地位（BTC.D）已重新回到每日 TBO 云之上，尽管其周线图显示持续疲软，灯芯重新回到云中表明犹豫不决。 BTC.D 突破阻力位可能会进一步给山寨币带来压力，但目前缺乏强烈信号，导致市场陷入困境。

OTHERS.D continues to struggle below its daily TBO Cloud. However, the weekly chart shows a TBO Close Short signal still in progress, a bullish sign if it confirms.

OTHERS.D 继续在每日 TBO Cloud 下方挣扎。然而，周线图显示 TBO 平仓空头信号仍在进行中，如果该信号得到确认，则为看涨信号。

The TOTAL crypto market cap chart sits precariously on weak support, with a TBO Close Long printed on yesterday's daily candle. While daily RSI shows resistance, OTHERS appears poised for a potential recovery today, supported by BVOL7D retreating from the reversal zone, signaling traders' growing confidence in altcoins.

加密货币总市值图表在较弱的支撑位上岌岌可危，昨天的日线蜡烛上印有 TBO 收盘多头。虽然日线 RSI 显示出阻力，但在 BVOL7D 从反转区域回撤的支撑下，其他货币今天似乎准备好潜在复苏，这表明交易者对山寨币的信心不断增强。

SDEX Outperforms Amid Market Weakness

SDEX 在市场疲软的情况下跑赢大盘

While Bitcoin and Ethereum wrestle with resistance, SDEX continues to shine. It closed a TBO Breakout yesterday and is on track to print another. The price has surpassed the 0.618 Fibonacci Retracement level, a significant milestone, and now targets the 0.786 Fib level, approximately 17% above its current price. Historical TBO Resistance just below 0.020 could present a hurdle, but the momentum for SDEX remains strong.

当比特币和以太坊与阻力作斗争时，SDEX 却继续闪耀。它昨天结束了 TBO 突破，并有望打印另一个突破。该价格已突破 0.618 斐波那契回撤位，这是一个重要的里程碑，目前目标是 0.786 斐波那契回撤位，比当前价格高出约 17%。略低于 0.020 的历史 TBO 阻力可能会构成一个障碍，但 SDEX 的势头仍然强劲。

Volume for SDEX has been steadily increasing on Bitget since early December, reinforcing its bullish trajectory. The chart also shows a predictive wick at 0.025, suggesting further upward potential. With consistent volume, SDEX could reach this level within weeks, nearing its all-time high of 0.026788. This resilience positions SDEX as a standout performer amid broader market turbulence, with strong prospects heading into the new year.

自 12 月初以来，Bitget 上 SDEX 的交易量一直在稳步增长，强化了其看涨轨迹。该图表还显示了 0.025 的预测灯芯，表明进一步上涨的潜力。如果交易量稳定，SDEX 可能会在几周内达到这一水平，接近历史高点 0.026788。这种弹性使 SDEX 在更广泛的市场动荡中表现出色，并在新的一年里拥有强劲的前景。