一系列野生价格波动之后，比特币（BTC）再次低于85,000美元的交易

一系列野生价格波动后，比特币再次低于85,000美元的交易，这使投资者对下一步行动不确定。

Bitcoin price is once again trading below the $85,000 mark after a series of wild price swings that have left investors uncertain about its next move.

一系列野生价格波动后，比特币价格再次低于85,000美元的交易，这使投资者对下一步行动不确定。

Market volatility surged following President Trump’s announcement that he plans to establish a U.S. strategic crypto reserve, sparking a brief rally that pushed BTC to $95,000 in just hours. However, the momentum was short-lived, as Bitcoin quickly retraced the entire jump, bringing prices back down and reinforcing the ongoing instability in the market.

在特朗普总统宣布计划建立美国战略加密保护区后，市场波动激动了，这引发了一场简短的集会，在短短几个小时内将BTC提高了95,000美元。但是，这种势头是短暂的，因为比特币迅速追溯了整个跃升，使价格降低并加强了市场中持续的不稳定。

This rollercoaster price action reflects the current uncertainty surrounding Bitcoin, with traders struggling to determine whether BTC is gearing up for another leg higher or facing further downside pressure. While Trump’s pro-crypto stance briefly lifted sentiment, it wasn’t enough to sustain a breakout, highlighting weakness in overall market conditions.

这种过山车的价格动作反映了比特币周围目前的不确定性，交易员努力确定BTC是否正在为另一支腿较高还是面临进一步的下行压力。虽然特朗普的亲克赖特托立场短暂提高了情绪，但这还不足以维持突破，强调了整体市场状况的疲软。

CryptoQuant CEO Ki Young Ju shared his thoughts on the matter, stating that Bitcoin’s market conditions will likely remain slow until sentiment in the U.S. improves. With regulatory concerns, macroeconomic uncertainty, and shifting investor sentiment, Bitcoin’s ability to sustain higher levels remains in question.

CryptoQuant首席执行官Ki Young Ju分享了他对此事的想法，并指出比特币的市场状况可能会保持缓慢，直到美国情绪改善。由于监管问题，宏观经济的不确定性和转移投资者的情绪，比特币具有更高层次的能力。

Until stronger catalysts emerge, BTC may continue trading in a volatile, range-bound environment, leaving traders watching for the next decisive move.

直到出现更强大的催化剂之前，BTC可能会继续在动荡不安的范围环境中进行交易，使交易者关注下一个决定性的举动。

Bitcoin Indicators Suggest Bull Cycle Is Still Intact

比特币指标表明牛周期仍然完好无损

Bitcoin has struggled below the $90,000 level for days, and now it finds itself even failing to hold above $85,000. The lack of momentum has kept BTC in bearish territory, with bulls needing to step in soon to avoid a deeper decline. Despite several attempts at recovery, Bitcoin and the entire crypto market are still unable to confirm a sustained push higher.

比特币在几天内一直挣扎着90,000美元的水平，现在发现自己甚至无法持有85,000美元以上。缺乏动力使BTC在看跌领土上保持了，公牛需要尽快介入以避免更深的下降。尽管有几次恢复尝试，但比特币和整个加密市场仍无法确认持续的推动力更高。

Bulls lost control when BTC dropped below $90,000, and the failure to reclaim this zone has only intensified bearish sentiment, leading many analysts to call for a potential bear market.

当BTC跌至90,000美元以下时，公牛失去了控制，而未能恢复该区域只会加剧看跌的情绪，导致许多分析师呼吁潜在的熊市。

However, Ju believes the bull cycle isn’t necessarily over yet. His analysis highlights that on-chain activity remains largely insignificant, and key indicators are neutral, suggesting that the broader bull trend is still intact despite the recent weakness. Additionally, the fundamentals remain strong, with more mining rigs coming online, signaling continued confidence from major players.

但是，JU认为牛周期不一定已经结束。他的分析强调，链上的活性在很大程度上微不足道，关键指标是中性的，表明尽管最近有弱点，但更广泛的牛趋势仍然完好无损。此外，基本面仍然很强大，更多的采矿钻机即将上网，这表明主要参与者的信心持续了信心。

Ju also notes that if this cycle were to end here, it would be an unwanted outcome for nearly all major stakeholders—old-cycle and new-cycle whales, mining companies, traditional finance (TradFi) entering crypto, and even Trump’s administration with its new U.S. strategic crypto reserve. Retail traders, often seen as the last participants to join the market in a cycle, are unlikely to be a deciding factor at this stage.

JU还指出，如果这个周期在这里结束，对于几乎所有主要的利益相关者来说，这将是一个不必要的结果，例如，循环和新循环捕鲸，矿业公司，传统金融公司（Tradfi）进入加密货币，甚至是特朗普的政府政府，其新的美国战略加密储备储备。零售交易员，通常被视为最后一家周期加入市场的参与者，在此阶段不太可能成为决定因素。

For now, Bitcoin stands at a pivotal moment, with the next few days being crucial for determining whether BTC can reclaim lost ground or if further downside is inevitable. A break below key support levels could confirm a prolonged correction, while a strong recovery could reignite the uptrend.

就目前而言，比特币站在关键时刻，接下来的几天对于确定BTC是否可以恢复失落的地面或是否不可避免的是不可避免的缺点至关重要。低于关键支持水平的中断可以确认延长的校正，而强大的恢复可以重新启动上升趋势。

BTC Testing Crucial Liquidity Levels

BTC测试关键流动性水平

Bitcoin is currently changing hands at $83,700 after days of wild price swings above and below $90,000. The market is still exhibiting high volatility as the bulls struggle to regain control.

经过数天的野外价格波动，比特币目前以83,700美元的价格易手，低于90,000美元。随着公牛队努力恢复控制权，市场仍然表现出高波动。

For Bitcoin to start a meaningful recovery, it needs to reclaim $90,000 as soon as possible. This level serves as the gateway to reversing the recent downtrend and shifting momentum back in favor of the bulls. However, the main level to hold remains $85,000—a critical support that has dictated price action in recent weeks.

要使比特币开始有意义的恢复，它需要尽快收回90,000美元。该级别是扭转最近的下降趋势和转移动量反向公牛的门户。但是，持有的主要水平仍然是85,000美元，这是最近几周的价格行动的重要支持。

If BTC stays below $85,000 for the next few days, it could trigger a massive drop, increasing selling pressure and leading to a deeper correction. This scenario would likely confirm extended bearish momentum, putting Bitcoin at risk of testing lower support levels.

如果BTC在接下来的几天内保持低于85,000美元，它可能会引发大量下降，增加销售压力并导致更深的校正。这种情况可能会证实延长的看跌势头，这使比特币处于测试较低支持水平的风险。

For now, traders are keenly watching BTC’s ability to either sustain gains or break lower. If Bitcoin can push back above $85,000, it could prevent further downside and provide some short-term stability.

目前，交易者敏锐地观察了BTC的维持能力或降低分裂的能力。如果比特币可以推回85,000美元以上，则可以防止进一步的缺点并提供一些短期稳定性。

But failure to hold this level could accelerate the bearish trend, leaving BTC vulnerable to further declines in the coming days as traders react to new price lows.

但是，如果不保持这一水平可能会加速看跌趋势，而随着交易者对新价格低点的反应，BTC很容易受到进一步下降的影响。