比特币和美国股票面临越来越大的压力

随着宏观经济的不确定性和美国总统唐纳德·特朗普（Donald Trump）的不稳定政策决定，比特币和美国股票正面临越来越大的压力。

Bitcoin and US equities are facing mounting pressure as macroeconomic uncertainty and erratic policy decisions from US President Donald Trump continue to shake investor confidence.

随着宏观经济的不确定性和美国总统唐纳德·特朗普（Donald Trump）的不稳定政策决定，比特币和美国股票正面临越来越大的压力。

With unexpected tariff announcements and unstable foreign policy stances dominating headlines, markets have become increasingly volatile. Bitcoin, often seen as a hedge against traditional market instability, has entered a consolidation phase around the $85,000 level. After weeks of sharp price swings, BTC appears to be gathering momentum for its next major move—up or down.

随着意外关税公告和不稳定的外交政策立场主导着头条新闻，市场变得越来越波动。比特币通常被视为对冲传统市场不稳定的对冲，已经在85,000美元的水平上进入了合并阶段。经过数周的价格波动，BTC似乎正在为下一个重大行动（以下行动）收集动力。

Despite hopes for a strong recovery following its all-time high earlier this year, sentiment across the crypto space has grown increasingly bearish. According to new data from CryptoQuant, investor and trader outlook on Bitcoin has shifted significantly. The Bitcoin Sentiment Vote – Up or Down chart reveals a clear transition toward negative sentiment, with a majority now betting against further short-term gains. This trend mirrors conditions last seen in September 2024, just before the market’s last major rally.

尽管在今年早些时候有史以来高度恢复后，人们希望能有很强的恢复，但整个加密货币领域的情绪越来越多。根据CryptoQuant的新数据，对比特币的投资者和交易员前景已经发生了重大变化。比特币情绪投票 - 向上或下图揭示了向负面情绪的明确过渡，现在多数赌注对进一步的短期收益进行下注。这一趋势反映了2024年9月的最后一次条件，就在市场上一次重大集会之前。

Credit: CryptoQuant

图片来源：加密量

With BTC's price action becoming more sluggish and pessimistic sentiment brewing, the current position at $85K becomes a battleground for bulls and bears. Will this period of indecision culminate in a breakout toward new highs or a breakdown toward lower lows? A lot may depend on broader economic developments and investor reactions to political instability.

随着BTC的价格行动变得越来越迟钝和悲观的情绪酿造，目前的85K售价成为公牛和熊的战场。这个犹豫不决的时期是否会在新高点的突破中达到顶点，还是向较低的低点分解？很大程度上可能取决于更广泛的经济发展和投资者对政治不稳定的反应。

Investor Sentiment Hits 6-Month Low As Bitcoin Stalls Below $90K

投资者情绪达到6个月的低点，因为比特币摊位低于$ 90k

Investors face a crucial moment as Bitcoin trades in a tight range, struggling to reclaim key resistance levels while holding above critical support. Despite attempts to initiate a recovery, bulls have been unable to generate enough momentum to push prices meaningfully higher, while bears have failed to force a decisive breakdown. This ongoing stalemate has heightened market tension.

当比特币交易处于紧密的范围内，投资者面临着关键的时刻，努力地恢复了关键阻力水平，同时保持了关键的支持。尽管试图开始恢复，但公牛仍无法产生足够的动力来提高价格，而熊则未能迫使果断的崩溃。这种持续的僵局增强了市场紧张局势。

The failure to reclaim the $90K level and hold above $85K consistently has led some analysts to question whether the current cycle is still intact. The pressure on bulls to prove the continuation of the bull run is mounting, as sentiment begins to shift toward a more cautious—or even bearish—outlook.

未能收回$ 90K的水平并持续持有85,000美元以上，这使一些分析师质疑当前周期是否仍然完好无损。随着情绪开始向更谨慎（甚至看跌）的外观，对公牛的压力证明了牛的延续。

Top analyst Axel Adler shared insights on X that paint a sobering picture. According to Adler, after Bitcoin reached its ATH, sentiment took a sharp turn for the worse. This shift is clearly illustrated in the Bitcoin Sentiment Vote – Up or Down chart. The current quarterly sentiment ratio has dropped to levels not seen since September 2024, just before the market’s last major rally.

顶级分析师阿克塞尔·阿德勒（Axel Adler）在X上分享了X绘制清醒图片的见解。根据阿德勒的说法，比特币达到其ATH之后，情绪变得更糟。在比特币情绪投票中清楚地说明了这一转变 - 向上或向下图表。自2024年9月，就在市场上一次重大集会之前，当前的季度情绪比率已下降到从未见过的水平。

BTC Sentiment Is Now Bearish—Is It A Bottom Signal?from 0x0. Link: https://x.com/AX_Crypto/status/1741266656405158080?s=20

BTC情绪现在是看跌 - 它是底部信号？从0x0起。链接：https：//x.com/ax_crypto/status/174126666656405158080？s = 20

While it’s possible that this bearish sentiment could serve as a contrarian indicator—signalling a bottom—many believe it reflects deeper uncertainty. With macroeconomic instability and geopolitical concerns on the rise, Bitcoin’s next move will be crucial in determining whether the broader market sees a renewed uptrend or enters a prolonged bearish phase. As traders watch the $85K–$90K zone closely, the coming days may be decisive for BTC’s trajectory in 2024.

虽然这种看跌的情绪可能是一个逆势指标（底部签名），但它认为它会反映出更深层的不确定性。随着宏观经济的不稳定和地缘政治的关注，比特币的下一步行动对于确定更广泛的市场是否会看到更新的上升趋势或进入延长的看跌阶段至关重要。当交易员密切关注$ 85K - $ 90K的区域时，未来几天对于2024年BTC的轨迹可能是决定性的。

Bulls Face Growing Pressure

公牛面临日益严重的压力

Bitcoin is currently changing hands at $84,200, trading just below the critical $85,000 level. This area is crucial as it coincides with the 200-day moving average (MA) and exponential moving average (EMA). Together, they form a significant resistance zone that bulls have struggled to penetrate.

比特币目前以$ 84,200的价格易手，交易幅度低于关键$ 85,000的水平。该区域至关重要，因为它与200天移动平均线（MA）和指数移动平均线（EMA）一致。它们一起形成了一个巨大的阻力区，公牛努力渗透。

To ignite a strong recovery rally, BTC must break out of this resistance and rise above the $88,000 level. This breakout would be a clear sign of increasing momentum, which could propel Bitcoin on a rapid move toward the psychological barrier at $90,000.

为了激发强大的恢复集会，BTC必须脱离这种抵抗力，并上升到88,000美元的水平上。这种突破将是增加势头的明显迹象，这可能会使比特币迅速朝着心理障碍迈进90,000美元。

However, if sellers manage to push the price back down from the 200-day MA/EMA cluster at $85K, it could lead to a test of the next support zone at $82,000. A breakdown below this level would likely spark a deeper correction, setting the stage for a continuation of the bear market.

但是，如果卖方设法将价格从200天的MA/EMA集群下降到85,000美元，则可能导致对下一个支持区的测试为82,000美元。低于此水平的细分可能会引发更深入的更正，这为熊市的延续奠定了基础。

In this pessimistic scenario, we could see a further decline to retest the $81,000 level, where more sellers are anticipated. From there, the price could fall further to reach the $78,000–$75,000 range. Such a deep correction would significantly impact investor confidence and cement the belief that the market is transitioning into a longer-term consolidation or even a bearish phase.

在这种悲观的情况下，我们可以看到进一步下降以重新测试$ 81,000的水平，预计会有更多的卖家。从那里开始，价格可能会进一步下跌，达到78,000-75,000美元的范围。这种深刻的纠正将极大地影响投资者的信心，并巩固人们的信念，即市场正在转变为长期合并甚至看跌阶段。

The coming days will be critical in determining the fate of Bitcoin. Traders will be closely watching to see whether bulls can finally manage to flip the $85K-$90K zone into support and propel the price toward new highs. Alternatively, will bears succeed in pushing BTC lower, setting the stage for a deeper correction and a continuation of the bear market

未来几天对于确定比特币的命运至关重要。交易者将密切关注，以了解公牛是否可以最终设法将$ 85K- $ 90K的区域转换为支持，并将价格推向新高点。另外，将成功推动BTC降低，为更深入的纠正和持续的熊市奠定了基础