比特币、以太坊信号牛市，但可能重新测试

在12小时价格图表上，比特币和以太坊都呈现看涨的市场结构，关键回调位作为支撑。尽管势头停滞和购买压力较大，但较高的时间框架图表表明看涨偏见。鲸鱼积累仍在继续，但接近当前比特币价格的流动性可能会阻碍重大突破。以太坊面临短期阻力，而其 OBV 缺乏动力，这表明在下一次反弹之前可能会暂停。

Bitcoin and Ethereum Showcase Bullish Market Structure, But Retest Remains a Possibility

比特币和以太坊展现看涨的市场结构，但重新测试仍有可能

Introduction

介绍

The cryptocurrency market has witnessed a bullish trend in the past week, with Bitcoin (BTC) and Ethereum (ETH) showcasing a strong market structure. The key retracement levels have been defended so far, but the possibility of a retest cannot be ruled out.

过去一周，加密货币市场呈现看涨趋势，比特币（BTC）和以太坊（ETH）展现出强劲的市场结构。目前关键回调位已被守住，但不排除重新测试的可能性。

Bitcoin: Stalled Momentum and Accumulation

比特币：停滞的势头和积累

Bitcoin has seen a stalling of buying pressure and momentum. The Fibonacci retracement levels indicate that the 50% retracement level acted as support in mid-March. Bitcoin was trading at $50k at press time, demonstrating a decent reaction to support.

比特币的购买压力和势头已经停滞。斐波那契回撤位表明 50% 回撤位在 3 月中旬起到了支撑作用。截至发稿时，比特币交易价格为 5 万美元，显示出对支撑的良好反应。

However, the Relative Strength Index (RSI) on the 12-hour chart stands at only 57, suggesting bullish momentum but not significant strength. The Chaikin Money Flow hovers at +0.01, requiring an ascent above +0.05 to indicate a substantial capital inflow.

然而，12小时图上的相对强弱指数（RSI）仅为57，表明看涨势头但并未显着走强。柴金资金流量徘徊在 +0.01，需要上升到 +0.05 以上才能表明大量资本流入。

The market structure on the 12-hour chart remains bullish. A decline below $60.7k would shift the market structure to bearish.

12小时图上的市场结构仍然看涨。跌破 60,700 美元将使市场结构转向看跌。

Ethereum: Resistance at LTF, Accumulating Trades

以太坊：LTF 处的阻力，累积交易

Ethereum has also experienced a cooling of momentum over the past two weeks. Its 12-hour RSI indicates bullishness at 54. The market structure is likewise bullish, and the 78.6% retracement level has been well-defended by buyers.

以太坊在过去两周也经历了势头降温。其 12 小时 RSI 为 54，表明看涨。市场结构同样看涨，78.6% 的回撤位已受到买家的有力防守。

Despite the buying volume in the preceding ten days, the On-Balance Volume (OBV) failed to initiate an uptrend. It has retraced to levels approaching January highs, even though ETH's price has surged by 40%.

尽管前十天有大量买盘，但平衡量（OBV）未能启动上升趋势。尽管 ETH 的价格已飙升 40%，但它已回落至接近 1 月高点的水平。

This lack of demand suggests Ethereum bulls may require time to regroup before initiating another rally. At press time, ETH faces near-term resistance at $3680.

需求的缺乏表明，以太坊多头可能需要时间重新组合，然后才能发起另一次反弹。截至发稿，ETH 面临近期阻力位 3680 美元。

Whales Accumulate, Speculators Remain Bullish

鲸鱼吸筹，投机者仍然看涨

Whale accumulation of both Bitcoin and Ethereum has been significant, indicating a bullish outlook for the long term. Liquidity levels are high near current prices, potentially hindering breakout attempts in either direction.

比特币和以太坊的鲸鱼积累量都很大，表明长期前景看好。流动性水平接近当前价格，可能会阻碍任一方向的突破尝试。

The futures market exhibits bullish conviction among speculators. Open Interest has risen considerably since March 17th, indicating increased participation and optimism.

期货市场表现出投机者的看涨信念。自 3 月 17 日以来，未平仓合约大幅增加，表明参与度和乐观情绪有所增加。

Conclusion

结论

Bitcoin and Ethereum maintain a bullish market structure, but the possibility of a retest remains. The stall in momentum and lack of significant capital inflow suggest cautiousness among traders. However, whale accumulation and bullish sentiment in the futures market offer positive signals for the long term.

比特币和以太坊维持看涨的市场结构，但重新测试的可能性依然存在。动能停滞和缺乏大量资本流入表明交易者持谨慎态度。然而，鲸鱼的积累和期货市场的看涨情绪为长期提供了积极的信号。

It is crucial for investors to monitor key support and resistance levels, along with technical indicators, to make informed trading decisions. The cryptocurrency market remains volatile, and prudent risk management should always be a priority.

对于投资者来说，监控关键支撑位和阻力位以及技术指标对于做出明智的交易决策至关重要。加密货币市场仍然波动，审慎的风险管理应始终是首要任务。