比特币（BTC）在收回87,000美元的水平后，现在的交易高于短期高点

几个小时前，比特币在赚取了87,000美元的水平后，现在的交易高于短期高点。这一举动信号在公牛之间增强力量

Bitcoin price is trading above short-term highs again after briefly dipping below the $87,000 level just a few hours ago. This move is signaling growing strength among bulls, but a full bullish reversal will only be confirmed once higher resistance levels are broken.

仅几个小时前，比特币价格短暂降至87,000级的水平下降后，比特币的价格再次高于短期高点。这一举动表明了公牛之间的强度增长，但是只有一旦较高的阻力水平破裂，才能确认完全看涨的逆转。

As global tensions remain high amid a trade war between the U.S. and China, the pressure is still on financial markets. But in the crypto sphere, Bitcoin appears to be stabilizing and preparing for a possible breakout.

由于美国与中国之间的贸易战，全球紧张局势仍然很高，因此压力仍在金融市场上。但是在加密球体中，比特币似乎正在稳定并为可能的突破做准备。

Top crypto analyst Axel Adler shared fresh insights that support this view. As of today, Bitcoin’s “foundation” Realized Price (RP) continues to climb gradually, despite a small local dip since February 2025.

顶级加密分析师阿克塞尔·阿德勒（Axel Adler）分享了支持这种观点的新见解。截至今天，尽管自2025年2月以来，比特币的“基金会”实现了价格（RP），尽管本地倾向很小，但仍在逐渐攀升。

Meanwhile, the speculative premium (measured by the MVRV ratio) is compressing, and the total annual network return fluctuates around 46%. According to Adler, these metrics align with a classic accumulation phase—when fundamentals remain strong, but sentiment lags.

同时，投机溢价（通过MVRV比率衡量）正在压缩，年度网络回报率波动约为46％。根据阿德勒的说法，这些指标与经典的积累阶段保持一致 - 当基本原理仍然很强，但情感滞后。

This imbalance often creates conditions for the next bullish expansion. If investor confidence returns and macroeconomic conditions stabilize, Bitcoin could be poised for a major breakout. For now, all eyes are on whether BTC can hold above $87K and push toward new highs.

这种不平衡通常会为下一个看涨的扩张带来条件。如果投资者的信心回报和宏观经济状况稳定，则可以将比特币准备好进行重大突破。就目前而言，所有目光都集中在BTC是否可以持有超过$ 87K并推向新高点。

Bitcoin Enters Pivotal Week At Key Resistance LevelBitcoin is now facing critical resistance after reclaiming short-term highs, and this coming week could prove pivotal.

比特币进入关键阻力LevelBitcoin的关键周现在在收回短期高点后面临着关键的阻力，而下一周可能是关键的。

Following last week’s tight consolidation range, bulls are positioning for a breakout as selling pressure fades and broader markets attempt to stabilize. With Bitcoin holding above key support levels in the low-$87,000 range, the tone has shifted—investors are cautiously optimistic that the worst may be behind.

在上周紧密的整合范围之后，公牛队的定位是突破，因为销售压力淡出和更广泛的市场试图稳定。随着比特币在低到$ 87,000范围内的关键支持水平上方的持有，语气已经发生了变化，因此，对最糟糕的情况可能会谨慎乐观。

To put this in perspective, Adler shared a compelling on-chain breakdown that supports the bullish case. According to the analyst, Bitcoin’s “foundation” Realized Price (RP) continues to rise gradually, with only a small local decrease since February 2025.

从角度来看，阿德勒分享了一个令人信服的链上崩溃，以支持看涨案件。根据分析师的说法，比特币的“基金会”实现了价格（RP），自2025年2月以来，本地的下降只有很小的下降。

At the same time, the speculative premium, measured by the MVRV ratio, is compressing. When combined with a stable annual network return of around 46%, this suggests Bitcoin is in a classic accumulation phase.

同时，通过MVRV比率测量的投机溢价正在压缩。当结合稳定的年度网络回报率约为46％时，这表明比特币处于经典累积阶段。

In such phases, fundamentals like realized price and network revenue outpace sentiment, which is lagging. This imbalance often leads to explosive upside when market psychology finally catches up, setting the stage for the next bullish expansion.

在这样的阶段，诸如实现价格和网络收入超过情绪之类的基本面正在落后。当市场心理学最终赶上时，这种失衡通常会导致爆炸性上升空间，为下一次看涨的扩张奠定了基础。

If investor confidence returns and macroeconomic conditions stabilize, creating a favorable backdrop for risk assets, Bitcoin could be poised for a major breakout from this key resistance zone.

如果投资者的信心回报和宏观经济状况稳定，创造了风险资产的有利背景，则可以将比特币从这个关键阻力区域进行重大突破。

For now, all eyes are on whether BTC can hold above $87K and push toward new highs to build on the rally from June 2024 lows. A sustained move above $90K would be critical for bulls to collect enough momentum and capitalize on the shifting market trends.

目前，所有人的目光都集中在BTC是否可以持有超过87,000美元的价格，并朝着新的高点朝着新的高点努力，从2024年6月的低点开始在集会上建立集会。超过$ 90k的持续搬迁对于公牛队收集足够的动力并利用不断变化的市场趋势至关重要。

BTC Key Levels To WatchWhat is striking is the resilience of BTC price despite macroeconomic headwinds and tighter trade activity.

BTC关键水平值得关注的是，尽管宏观经济的逆风和更严格的贸易活动，但BTC价格的弹性是BTC价格的弹性。

The crypto is testing the 200-day simple moving average (SMA) at the time of writing, after briefly dipping below the 200-day exponential moving average (EMA). A decisive move above the 200-day SMA at $88,000 would be needed to cement strength.

加密在撰写本文时正在测试200天简单的移动平均线（SMA），此前短暂浸入了200天的指数移动平均线（EMA）。在巩固2000美元的SMA上，果断的果断是巩固力量的决定性举动。

A breakout and sustained move above the $90K level would mark a significant technical milestone, signaling a trend reversal and potentially triggering a surge toward 2021 all-time highs. This breakout could also draw back sidelined capital and reignite interest from both retail and institutional traders amid broader market volatility.

突破性和持续的移动超过$ 90K的水平将标志着一个重要的技术里程碑，这表明趋势逆转，并有可能引发激增的历史高潮。由于更广泛的市场波动，这一突破还可能吸引零售和机构交易者的兴趣，并重新点燃利息。

However, the bullish scenario hinges on follow-through. If Bitcoin fails to reclaim $90K decisively, the rally may fade, and the market could re-enter a correction phase. A breakdown below $84K would put the $80K support at risk, with further downside likely if that level fails to hold.

但是，看涨的情况取决于后续的。如果比特币无法决定性地收回$ 90K，则拉力赛可能会消失，市场可能会重新进入更正阶段。低于$ 8.4K的细分将使$ 80K的支持处于危险之中，如果该水平未能持有，则可能会进一步下跌。

For now, BTC remains at a critical junction. The next few trading sessions will be decisive in determining whether bulls have enough strength to reclaim dominance—or whether another leg down lies ahead as bears capitalize on any signs of weakness.

目前，BTC仍然处于关键交界处。接下来的几个交易会议将决定性决定公牛是否有足够的力量来获得优势，或者随着熊的资本利用任何弱点的迹象。