比特币（BTC/USD）价格分析：衰落四天后恢复动力

比特币（BTC/USD）经过为期四天的下降后，已经恢复了势头，并受到较弱的美元的支持。讨论也加剧了加密货币的恢复

Bitcoin price showed signs of recovery on Monday, following a four-day decline. Several US states are considering a Bitcoin reserve, which could further enhance the appeal of the cryptocurrency. Additionally, Grayscale has launched a Bitcoin Miners ETF, offering investors exposure to Bitcoin miners and the global mining industry.

比特币的价格在周一下降了四天后，周一显示出恢复的迹象。美国几个州正在考虑拥有比特币储备，这可以进一步增强加密货币的吸引力。此外，Grayscale还推出了比特币矿工ETF，为投资者提供了对比特币矿工和全球矿业行业的风险。

Bitcoin price recovered on Monday, following a four-day decline. The cryptocurrency’s recovery was fueled by a weaker US Dollar, as well as discussions in several US states about adopting Bitcoin reserves.

周一下降了四天后，比特币价格在周一恢复。加密货币的复苏是由较弱的美元促进的，以及美国几个州关于采用比特币储量的讨论。

The institutional interest in Bitcoin continues to grow, with several states now considering a Bitcoin reserve. Utah became the second US state to clear the Strategic Bitcoin Reserve Bill, following Arizona. If the bill is approved, it may see other states follow suit.

对比特币的机构兴趣不断增长，现在有几个州正在考虑比特币储备。在亚利桑那州之后，犹他州成为第二个清除战略比特币储备法案的州。如果法案获得批准，则可能会看到其他州效仿。

An estimated 11 US states are exploring the inclusion of Bitcoin in their strategic reserves, with many considering a standard allocation of 10% of their total funds. This highlights the growing recognition of Bitcoin as a viable asset in government portfolios.

估计有11个州正在探索比特币在其战略储备中的包含，许多州正在考虑标准分配其总资金的10％。这凸显了对比特币作为政府投资组合中可行资产的越来越多的认可。

Joining the list of states to advance a Strategic Bitcoin Reserve Bill is Illinois, who are eyeing a 5-year ‘HODL’ strategy. The bill was submitted to the Rules Committee on January 29 to finalize regulatory details, marking a critical step before it advances for full approval by lawmakers.

伊利诺伊州加入了促进战略性比特币储备法案的州名单，他们正在关注5年的“ HODL”策略。该法案于1月29日提交了规则委员会，以最终确定监管细节，这标志着它在获得立法者的全面批准之前的关键步骤。

Grayscale Launches Bitcoin Miners ETF

灰度发射比特币矿工ETF

Grayscale has introduced a new crypto investment product, emphasizing the vital role of Bitcoin miners in supporting the Bitcoin network. The company stated that miners play a crucial part in ensuring the network’s security, integrity, and overall operation.

Grayscale推出了一种新的加密投资产品，强调了比特币矿工在支持比特币网络中的重要作用。该公司表示，矿工在确保网络的安全性，完整性和整体运营方面起着至关重要的作用。

This week, Grayscale has launched the Bitcoin Miners ETF, providing investors with a simple way to gain exposure to Bitcoin miners and the global mining industry.

本周，格雷斯卡（Grayscale）推出了比特币矿工ETF，为投资者提供了一种简单的方法，可以吸引比特币矿工和全球矿业行业。

David LaValle, Grayscale’s global ETF head, explained that Bitcoin miners are key to the network and are expected to grow significantly as Bitcoin becomes more widely adopted, making the ETF an attractive choice for many investors.

Grayscale的全球ETF负责人David Lavalle解释说，比特币矿工是网络的关键，随着比特币被更广泛采用，预计将显着增长，这使得ETF成为许多投资者的吸引人选择。

Bitcoin mining stocks struggled in 2024 to replicate the gains of Bitcoin, which recorded gains of around 112% for the year. This is backed up by data from Hashrate Index and Google (NASDAQ:GOOGL) Finance shows that most publicly traded Bitcoin mining companies ended 2024 with major losses, with some seeing their value drop by as much as 84%.

比特币采矿股在2024年挣扎，以复制比特币的收益，该比特币的收益记录了一年约112％的收益。这是由Hashrate Index和Google（NASDAQ：GOOGL）的数据提供支持的，这表明，大多数公开交易的比特币矿业公司以2024年结束了重大损失，有些人的价值下降了多达84％。

It will be interesting to see what the demand and flows are like for miners’ ETF, i for one will be keeping an eye on how this develops.

看到矿工ETF的需求和流量是什么，我将密切关注这种情况的发展。

ETF Flows Remain Positive

ETF流保持正

Bitcoin ETF flows have struggled this week following on from massive inflows last week even though it was a four-day week with the President’s inauguration.

本周，比特币ETF的流量在上周从大量流入中挣扎，尽管这是总统就职典礼的四天。

This week however, saw massive outflows on Monday of around $457.6m before two days of positive inflows. However the amounts on Tuesday and Wednesday were quite small at $18.4 and $92m respectively. The smaller inflows could have had something to do with the FOMC meeting as well as the threat of the market’s reaction to proposed tariffs from February 1.

然而，本周，星期一的大量流出在两天的积极流入之前，大约4.576亿美元。但是，周二和周三的金额分别为18.4美元和9200万美元。较小的流入可能与FOMC会议以及2月1日起拟议关税的反应的威胁有关。

I am still positive on the overall Bitcoin picture from a fundamental perspective. The US being on a drive to build Bitcoin Strategic Reserves is a good thing as it will further enhance the Cryptos standing.

从基本的角度来看，我对总体比特币图片仍然很积极。美国正在努力建立比特币战略储备是一件好事，因为它将进一步增强加密货币的地位。

Another reason why I remain relatively optimistic is the recent on chain analysis by Glassnode. In the Executive Summary, Glassnode explained Cyclical Market Growth: Their take is that the rate of Bitcoin price appreciation has declined cycle by cycle, reflecting a path into market maturity. The drawdown profile of this cycle thus far closely resembles that of the 2015–2017 cycle. Prior cycles also hint at a potential acceleration phase in the bull market, which tends to occur around this time (relative to the cycle low).

我保持相对乐观的另一个原因是玻璃节链分析的最新原因。在执行摘要中，GlassNode解释了周期性的市场增长：他们的看法是，比特币价格升值的速度已按周期循环下降，反映了进入市场成熟的道路。到目前为止，该周期的下降曲线与2015 - 2017年周期的汇率相似。先前的周期还暗示了牛市的潜在加速阶段，该牛市往往会发生在这个时候（相对于周期低）。

This is just another reason that we could be due for another period of gains and potentially fresh all-time highs for BTC/USD.

这只是我们可能要获得的另一个时期的另一个原因，而BTC/USD可能会出现新鲜的历史最高点。

Technical Analysis BTC/USD

技术分析BTC/USD

Bitcoin (BTC/USD) from a technical standpoint printed a bullish engulfing candlestick yesterday with follow through today.

从技术角度来看，比特币（BTC/USD）昨天印刷了一个看涨的看涨烛台。

However, in order to convince bulls and myself that we could go on and achieve fresh all-time highs, i would like to see a daily candle close above the 106.200. This would be the highest daily close for Bitcoin and may embolden bulls to join the rally.

但是，为了说服公牛和我本人，我们可以继续实现新鲜的​​高潮，我希望看到每天的蜡烛在106.200上方。这将是比特币的每日最高关闭，可能会煽动公牛参加集会。

Bitcoin (BTC/USD) Daily Chart, January 30, 2025Dropping down to a H2 chart and this could come to fruition after price broke out of the descending channel in play.

比特币（BTC/USD）每日图表，2025年1月30日降低到H2图表，在Price从降落的频道中脱颖而出后，这可能会实现。

Price is currently pulling back with a possibility of a deeper pullback toward the 100-day MA resting just around the key support level at 103500.

当前，Price正在退缩，可能会在103500的关键支持水平附近更深的回调朝向100天的MA。

This may present an excellent risk to reward opportunity for potential bulls with further support being found at the 102650 handle, where we have both the 50 and 200-day MAs restings.

这可能给潜在的公牛带来奖励机会的绝佳风险，并在102650手柄上找到了进一步的支持，在那里我们拥有50天和200天的MAS休息。