比特币Flash崩溃设置了2025年上半年的基调

比特币价格集会至100,000美元的里程碑，其历史最高点109,588启动了2024年的牛市

Bitcoin price slipped to a low of $91,300 on February 3 in a flash crash before recovering to trade above the $95,000 level. BTC price action faced selling pressure as U.S. President Donald Trump announced seven new appointments within the administration.

2月3日，比特币价格在2月3日的闪光崩溃中跌至91,300美元，然后恢复了超过95,000美元的交易。当美国总统唐纳德·特朗普（Donald Trump）宣布政府内部七个新任命时，BTC价格行动面临销售压力。

The total crypto market capitalization excluding Bitcoin ranges around the $1.19 trillion mark, as per TradingView data. The metric dropped nearly 20% in February 2025 until Wednesday, February 19.

根据TradingView数据，不包括比特币不包括比特币的总计市值约为11.9万亿美元。该指标在2025年2月至2月19日（星期三）下降了近20％。

Altcoins continue consolidating as Bitcoin dominance hovers around four-year peak.

随着比特币优势徘徊在四年峰值左右，AltCoins继续合并。

The total crypto market capitalization excluding Bitcoin ranges around the $1.19 trillion mark, according to TradingView data. The metric dropped nearly 20% in February 2025 until Wednesday, February 19.

根据TradingView Data的数据，不包括比特币的加密市值不包括11.9万亿美元。该指标在2025年2月至2月19日（星期三）下降了近20％。

Altcoins are seen gearing for recovery as trading volume across exchanges fell to pre-election levels after significant de-leveraging, an insight from a K33 research report highlighted.

随着跨交易所的交易量在大量的去杠杆作用后，替代方案的恢复能力下降到选举前的水平，这是K33研究报告的一个见解。

Professional traders are seen to be risk averse as the contango narrows and CME basis falls to September levels, an insight from a K33 research report highlighted.

随着Contango Narrows和CME的基础降至9月的水平，专业交易者被认为是厌恶风险的，这是K33研究报告的一个见解。

The short-term sentiment among traders is that of caution and institutional holder exposure to crypto has slowed down. A key indicator to watch is the Altcoin Season Index on Blockchaincenter.

交易者的短期情绪是谨慎和机构持有人接触加密货币的情绪放缓。值得关注的关键指标是BlockchainCenter上的Altcoin季节指数。

Altcoin season is a time period where the returns on 75% of the top 50 altcoins outperform Bitcoin consistently in a 90-day timeframe. To determine whether it is the altcoin season yet, traders use the altcoin season index.

Altcoin季节是一个时期，在90天的时间范围内，前50个Altcoins中75％的回报始终超过比特币。为了确定这是否是Altcoin季节，交易者使用Altcoin季节指数。

On Wednesday, the index reads 45, on a scale of 0 to 100, meaning that it is not the altcoin season yet.

在星期三，该指数为45，比例为0至100，这意味着它还不是Altcoin季节。

As altcoins consolidate, it may be the ideal time for sidelined buyers to begin accumulation before the next leg up. Tokens like Bittensor (TAO), Pyth Network (PYTH), Ethena (ENA), blue-chip meme coins like Dogecoin (DOGE) and Pepe (PEPE) are currently below the average traded prices and could begin their recovery once the altcoin rally resumes.

作为AltCoins合并，这可能是旁观者在下一条领域之前开始积累的理想时机。像Bittensor（Tao），Pyth Network（Pyth），Ethena（Ena），蓝芯片模因硬币（如Dogecoin（Doge）（Doge）和Pepe（Pepe））等令牌如目前低于平均交易价格。

Best altcoins to buy now

现在最好购买的最好的山寨币

The top three altcoins that are currently in the buy zone and could recover in the next leg of the altcoin rally are Bittensor, Pyth Network and Dogecoin. The following price charts identify the buy zone, price target, gains and the support/ resistance levels for sidelined buyers to enter a trade this week.

目前在买入区域，可以在Altcoin Rally的下一回合中恢复的前三名Altcoins是Bittensor，Pyth Network和Dogecoin。以下价格表确定了买入区，价格目标，上涨和支撑/阻力水平，供缺乏的买家本周进行交易。

PYTH has been in a multimonth downward trend that started in December 2024, during the Bitcoin bull run. The token has been in a decline, down to $0.2031 at the time of writing. Technical indicators on the daily timeframe, RSI and MACD support a bullish thesis in PYTH and the token could rally 25% to test a key resistance level within an imbalance zone, at $0.2548.

Pyth一直处于多个月的下降趋势，该趋势始于2024年12月，在比特币公牛运行期间。代币在写作时一直在下降，降至0.2031美元。每日时间范围，RSI和MACD上的技术指标支持PYTH和代币的看涨论文，可以在不平衡区内测试关键阻力水平，为0.2548美元。

A Bitcoin flashcrash or market consolidation could send PYTH to support at the February 8 low of $0.1739.

比特币闪存或市场合并可能会在2月8日低落的0.1739卢比提供支持。

Bittensor’s TAO has several catalysts like Dynamic TAO upgrade and the launch of subnet AI tokens, that could drive value higher in the coming weeks in February 2025. The token could break out of its downward trend and close above the $379 level, test resistance at $445.

Bittensor's Tao具有多种催化剂，例如动态TAO升级和子网AI令牌的推出，这可能会在2025年2月的接下来的几周内推动更高的价值。代币可能会脱离其下降趋势，并在379美元的限度上关闭，以$ 445的价格测试抵抗力。 。

$445 is the upper boundary of a Fair Value Gap on the daily timeframe, a key resistance level for TAO. A rally to $445 marks 16% gains in the token.

$ 445是每日时间范围内公允价值差距的上边界，这是道的关键阻力水平。集会至445美元，标记为16％的代币。

TAO could find support at $341, the February 9 low for the AI token.

陶可以找到341美元的支持，即2月9日的AI令牌。

Dogecoin, the largest meme token in the crypto market is currently ranging after a multi-month downward trend. A daily candlestick close above resistance at $0.30 could break the pattern and indicate a trend reversal in the token.

Dogecoin是加密货币市场上最大的模因象征，目前在多个月的下降趋势之后正在范围。每天的烛台以高于0.30美元的电阻，可能会破坏模式，并表明令牌中的趋势逆转。

DOGE’s technical indicators on the daily chart are supportive of nearly 20% gains in the coming weeks, meaning the short term outlook on the token is bullish. A correction could send DOGE to test support at $0.21659, as seen in the chart below.

Doge在每日图表上的技术指标在接下来的几周内支持近20％的收益，这意味着代币的短期前景是看好的。校正可能会将Doge发送到$ 0.21659的测试，如下图所示。

Bitcoin price outlook

比特币价格前景

Derivatives data from a K33 research report shows that traders have taken a cautious hands-off approach on the Chicago Mercantile Exchange (CME) over the past few weeks. The sentiment among derivatives traders is bearish as premiums continue to push lower, while open interest remains stagnant amidst no significant spike in ETF activity.

K33研究报告中的衍生品数据表明，在过去的几周中，贸易商对芝加哥商人交易所（CME）采取了谨慎的动手方法。衍生品交易者之间的情绪是看跌，因为保费继续降低，而在ETF活动中没有明显的激增，开放兴趣仍然停滞不前。

Premiums have been on a clear downtrend in the months following the result of the U.S. Presidential election in November 2024. BTC’s initial post-Trump election rally pushed the asset above $100,000. However, as the market adjusts to announcements and macro developments

在2024年11月举行的美国总统大选后的几个月中，保费一直在明显下降趋势。BTC最初的特朗普大选集会将资产推向了100,000美元以上。但是，随着市场适应公告和宏观发展