链上信号表明比特币牛市接近顶峰

随着比特币的牛市接近顶峰，链上信号表明其持续上涨势头。分析师 Willy Woo 对比特币宏观振荡器推动下的比特币走势保持信心。传统金融 (TradFi) 投资者和 FOMO 的融合可能会导致大幅上涨。比特币性能的增强似乎迫在眉睫。

Is the Bitcoin Bull Run Nearing Its Zenith?

比特币牛市是否已接近顶峰？

On-chain analyst Willy Woo remains steadfast in his conviction that Bitcoin's ascent is far from its conclusion. The Bitcoin Macro Oscillator, a technical indicator measuring market momentum, displays signs of continued upward trajectory. Additionally, the possibility of traditional finance (TradFi) investors joining the cryptocurrency bandwagon (FOMO) further bolsters the likelihood of at least two significant upward movements in the near future.

链上分析师 Willy Woo 仍然坚信比特币的上涨还远未结束。比特币宏观振荡器是衡量市场动能的技术指标，显示出持续上升轨迹的迹象。此外，传统金融 (TradFi) 投资者加入加密货币潮流 (FOMO) 的可能性进一步增强了在不久的将来至少出现两次大幅上涨的可能性。

On-Chain Signals Point to Enhanced Bitcoin Performance

链上信号表明比特币性能增强

In a recent analysis on X, Woo expresses unwavering optimism about the trajectory of the cryptocurrency. Based on on-chain metrics, he discerns promising signals indicating that Bitcoin is poised to propel higher, breaking free from its current consolidation phase.

在最近对 X 的分析中，Woo 对加密货币的发展轨迹表达了坚定不移的乐观态度。根据链上指标，他发现了有希望的信号，表明比特币准备继续走高，摆脱当前的盘整阶段。

Bitcoin's Range-Bound Limbo

比特币的区间波动

At the time of writing, Bitcoin remains largely confined within a narrow trading range, with resistance at $73,800 and immediate support hovering around $69,000. Despite analysts' bullish sentiment, the cryptocurrency has encountered resistance in breaching its all-time highs, hindered by persistent selling pressure.

截至撰写本文时，比特币仍主要局限于狭窄的交易区间，阻力位为 73,800 美元，直接支撑位徘徊在 69,000 美元左右。尽管分析师持看涨情绪，但由于持续的抛售压力，加密货币在突破历史高点时遇到了阻力。

Accumulation or Distribution: Bitcoin's Lateral Enigma

积累或分配：比特币的横向谜团

The current sideways movement in Bitcoin's price action leaves the market uncertain whether it represents accumulation or distribution, contingent upon the future breakout direction. A sustained upward surge above $72,400 could ignite a rally toward $73,800. Conversely, a decline below $69,000 and the middle Bollinger Band could trigger a downward spiral to levels not seen since early March.

目前比特币价格走势的横盘走势让市场不确定它是积累还是派发，具体取决于未来的突破方向。持续上涨至 72,400 美元上方可能会引发涨势至 73,800 美元。相反，跌破 69,000 美元和布林带中线可能会引发螺旋式下跌，跌至 3 月初以来未见的水平。

TradFi FOMO and Short Squeeze: Potential Catalysts for Bitcoin's Ascent

TradFi FOMO 和空头挤压：比特币上涨的潜在催化剂

Despite the recent lull in momentum, Woo postulates that Bitcoin possesses the potential for "another solid leg up." If TradFi investors succumb to FOMO and allocate funds into the cryptocurrency, the analyst contends that two distinct surges could materialize. In the 2017 bull market, the rally to $20,000 was largely attributed to retail investors jumping on the Bitcoin bandwagon.

尽管最近势头平淡，但吴认为比特币具有“另一次强劲上涨”的潜力。分析师认为，如果 TradFi 投资者屈服于 FOMO 并将资金分配到加密货币中，可能会出现两次不同的飙升。在 2017 年的牛市中，比特币价格上涨至 20,000 美元很大程度上归功于散户投资者纷纷追捧比特币。

ETF Influx: Fueling Institutional Demand

ETF 涌入：刺激机构需求

With the advent of spot Bitcoin exchange-traded funds (ETFs) in the United States, speculation abounds that institutions and high-net-worth individuals are accumulating Bitcoin. Should BTC breach $74,000, an influx of funds into various spot Bitcoin ETFs is anticipated, further stoking demand.

随着美国现货比特币交易所交易基金（ETF）的出现，人们纷纷猜测机构和高净值个人正在积累比特币。如果 BTC 突破 74,000 美元，预计资金将涌入各种现货比特币 ETF，从而进一步刺激需求。

Short Squeeze: A Potential Upward Catalyst

轧空：潜在的上涨催化剂

This bullish outlook echoes the sentiments of other analysts who predict a surge in Bitcoin's price in the upcoming sessions. An analyst on X suggests that an imminent short squeeze could propel the cryptocurrency beyond its March highs. During a short squeeze, prices escalate, forcing short-sellers to buy back their positions at elevated prices, intensifying the uptrend.

这种看涨前景与其他分析师的观点相呼应，他们预测未来几个交易日比特币价格将飙升。 X 的一位分析师表示，迫在眉睫的空头挤压可能会推动加密货币突破 3 月份的高点。在轧空期间，价格上涨，迫使卖空者以高价回购头寸，从而加剧上涨趋势。

Record Institutional Optimism Versus Hedge Fund Skepticism

创纪录的机构乐观与对冲基金怀疑

The bullish assessment is supported by a widening gap between institutional investors who anticipate price gains and hedge funds who have sold the cryptocurrency short. This divergence underscores the divergent perspectives prevailing in the market.

看涨评估得到了预期价格上涨的机构投资者和卖空加密货币的对冲基金之间不断扩大的差距的支持。这种差异凸显了市场上普遍存在的不同观点。