自2024年11月以来，比特币（BTC）每周的每周图表首次关闭低于$ 90,00

尽管2月的每月蜡烛收盘价为84,299美元，但BTC（BTC）每周关闭的蜡烛却形成了DOJI蜡烛，收盘价为94,222美元。

Bitcoin (BTC) price tested the $95,000 overhead resistance once again after US President Donald Trump’s announcement of a crypto strategic reserve pushed the flagship cryptocurrency higher.

在美国总统唐纳德·特朗普（Donald Trump）宣布加密战略储备将旗舰加密货币提高后，比特币（BTC）的价格再次测试了95,000美元的间接费用。

Bitcoin weekly chart. Source: Cointelegraph/TradingView

比特币每周图表。资料来源：Cointelegraph/TradingView

Despite February’s monthly candle closing at $84,299, BTC’s (BTC) weekly close formed a doji candle, closing at $94,222.

尽管2月的每月蜡烛收盘价为84,299美元，但BTC（BTC）每周关闭的蜡烛却形成了DOJI蜡烛，收盘价为94,222美元。

Will Trump-pump follow the Xi-pump path?

特朗普泵会遵循xi-Pump道路吗？

In 2019, during a prolonged bearish trading period that stretched from June to October, Bitcoin’s market sentiment was low. However, on Oct. 25, 2019, China’s President XI Jinping’s announcement supporting blockchain technology triggered a significant price rise.

2019年，在6月至10月的长时间看跌交易期间，比特币的市场情绪很低。但是，在2019年10月25日，中国习近平总统的公告支持区块链技术引发了大幅上涨。

However, in subsequent days, China imposed a series of crackdowns on crypto assets and activities like mining, leading to new lows within 30 days.

但是，在随后的日子里，中国对加密资产和采矿等活动进行了一系列镇压，导致30天内的新低点。

Cold Blooded Shiller, an anonymous crypto analyst, drew similarities between the ‘Xi-pump’ and the current Trump pump, suggesting that sentiment rallies can often fizzle out due to lack of strength, and the market quickly adjusts itself to the prior trend.

匿名加密分析师冷血的希勒（Shiller）在“ xi-Pump”和当前的特朗普泵之间取得了相似之处，这表明情绪集会通常会因为缺乏力量而浮出水面，而市场迅速适应了先前的趋势。

Bitcoin 2019 Xi pump vs 2025 Trump pump comparison. Source: Cointelegraph/TradingView

比特币2019 XI泵与2025特朗普泵比较。资料来源：Cointelegraph/TradingView

As illustrated in the chart, the similarities between both periods followed similar retests of prior support ranges. In the first case below $10,000 in 2019 and below $95,000 in 2025, and the asset formed new lows 30 days later. The analyst added that in 2019, traders quickly acknowledged the pump as a “short squeeze and managed to get some very good entries.”

如图所示，两个时期之间的相似性遵循了相似的先前支持范围的重新测试。在2019年低于10,000美元的第一种情况下，2025年低于$ 95,000，资产在30天后形成了新的低点。分析师补充说，2019年，交易员迅速承认该泵是“短暂的挤压，并设法获得了一些很好的条目”。

Likewise, Magus, a crypto trader, mentioned that bulls needed to prove themselves this week and carry out re-acceptance of the value area high (VAH) at $103,000 and value area low (VAL) at $91,000.

同样，加密货币交易员玛格斯（Magus）提到，公牛需要本周证明自己，并重新接受价值面积高（VAH）的价值为103,000美元，价值面积低（Val）为91,000美元。

Bitcoin volume profile analysis by Magus. Source: X.com

通过Magus进行的比特币体积分析。资料来源：X.com

The VAH and VAL define a range where the majority of trading volume occurred during a selected time period on a chart, in this case, since November 2024. However, Magus also remained cautious of the Xi pump, stating,

VAH和VAL定义了一个范围，其中大多数交易量发生在图表上选定的时间段中，在这种情况下，自2024年11月以来，Magus也对XI泵保持谨慎

Related: Trump’s crypto reserve plan faces Congress vote, may limit rally

相关：特朗普的加密储备计划面临国会投票，可能会限制集会

Bitcoin remains in distribution, not accumulation

比特币保持分配，而不是积累

Data from Glassnode suggested that despite BTC’s rally, the short-term holders’ (STH) cost basis dropped below 1 after initially moving above $92,700. Bitcoin’s current price is below $92,700, which implies that STHs remained in a “fragile position” with profitability current at breakeven.

GlassNode的数据表明，尽管BTC集会，但短期持有人（STH）的成本基础在最初移动到92,700美元以上后仍低于1。比特币目前的价格低于92,700美元，这意味着STH仍处于“脆弱的位置”，而盈利能力当前在Breakeven。

Additionally, the data analytics platform also stated that Bitcoin’s accumulation trend score remained under 0.5 for 58 consecutive days, underling a long period of net distribution.

此外，数据分析平台还指出，比特币的累积趋势得分连续58天保持在0.5以下，这是长期净分布的基础。

Bitcoin accumulation trend score. Source: X.com

比特币积累趋势得分。资料来源：X.com

A distribution period is defined as a phase of profit-taking by investors, which is often in line with market corrections. Glassnode added,

分销期被定义为投资者的利润阶段，这通常与市场更正一致。添加了玻璃节，

Related: Biggest CME gap ever at $85K: 5 things to know in Bitcoin this week

相关：有史以来最大的CME差距为$ 85K：本周比特币要知道的5件事

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投资建议或建议。每个投资和交易举动都涉及风险，读者在做出决定时应进行自己的研究。