比特币为猜测降温，准备举动

比特币继续努力应对大量波动，在其历史最高水平和90,000美元的低点之间波动。这种动荡的价格行动使市场情绪深深地分歧，围绕比特币的短期轨迹的不确定性。

Bitcoin’s price action has remained volatile over the past week, experiencing sharp drops and recoveries within short intervals. Last Monday, the cryptocurrency underwent a rapid decline of over 9% in less than 24 hours. However, the following hours saw a quick recovery, with BTC rising by 11%. This showcases the unpredictable nature of the market.

在过去的一周中，比特币的价格动作一直保持波动，在短时间内经历了急剧下降和恢复。上周一，加密货币在不到24小时内迅速下降了9％以上。但是，接下来的几个小时很快恢复了，BTC上升了11％。这展示了市场的不可预测性质。

Despite the rebound, Bitcoin’s price movements continue to face pressure, with bulls struggling to push the price back above the $100K mark. Over the past few days, BTC has consistently closed around the $96,500 level, signaling indecision and the absence of a clear trend.

尽管有反弹，比特币的价格变动仍在面对压力，公牛队努力将价格推迟到$ 10万美元以上。在过去的几天中，BTC一直在96,500美元的水平上始终关闭，信号犹豫不决和没有明确的趋势。

Adding to the cautious sentiment, key metrics shared by crypto expert Axel Adler highlight a significant development. According to Adler, yesterday, the average funding rate across the three top exchanges dropped to zero.

加密专家阿克塞尔·阿德勒（Axel Adler）共享的关键指标加上了谨慎的态度，突出了一个重大发展。据阿德勒（Adler）称，昨天，三个顶级交易所的平均资金率下降到零。

This metric, which tracks the cost of holding leveraged positions in the futures market, is often seen as a barometer of speculative activity. A drop to zero suggests that speculative appetite has waned, with neither bullish nor bearish positions dominating the market. However, Adler notes that In this cycle, every such occurrence has led to a “macro bull rally.”

该指标跟踪在期货市场中保持杠杆位置的成本，通常被视为投机活动的晴雨表。下降到零表明，投机性的食欲已经减弱，既不是看跌和看跌地位的市场。但是，阿德勒（Adler）指出，在这个周期中，每一次这种情况都导致了“宏观公牛集会”。

As Bitcoin consolidates below $100K, investors are left wondering whether the current phase is a pause before a breakout or the precursor to a deeper correction. The coming days will be pivotal in determining the short-term direction for the world’s largest cryptocurrency.

随着比特币的合并低于$ 10万美元，投资者想知道当前阶段是在突破之前停下来还是更深层更正的前身。接下来的日子将在确定世界上最大的加密货币的短期方向方向至关重要。

Bitcoin Prepares For A Move As Speculation Cools Off

比特币为猜测降温，准备举动

Bitcoin continues to experience massive volatility, fluctuating between its $109K all-time high and lows within the $90K range. This tumultuous price action has left market sentiment deeply divided, with uncertainty surrounding Bitcoin’s short-term trajectory. While some investors fear a deeper correction, others believe the current consolidation is a healthy pause before another rally.

比特币继续经历巨大的波动性，在$ 109K的历史最高水平和90,000万美元范围内的低点之间波动。这种动荡的价格行动使市场情绪深深地分歧，围绕比特币的短期轨迹的不确定性。尽管有些投资者担心更深入的更正，但其他人则认为当前的合并是在另一个集会之前的健康停顿。

Top analyst Axel Adler recently shared key CryptoQuant data on X, offering insights into the current market dynamics. According to Adler, yesterday, the average funding rate across the three top exchanges dropped to zero. Historically, this metric has signaled significant market shifts. In this cycle, every instance of the funding rate dropping to zero has ultimately led to a macro bull rally, reinforcing optimism among long-term holders.

顶级分析师阿克塞尔·阿德勒（Axel Adler）最近在X上共享了关键的加密数据，从而提供了有关当前市场动态的见解。据阿德勒（Adler）称，昨天，三个顶级交易所的平均资金率下降到零。从历史上看，该指标表明市场发生了重大变化。在这个周期中，降至零的每个实例最终导致了宏观公牛集会，从而增强了长期持有人的乐观情绪。

Adler emphasizes that while the duration of this phase is uncertain, one clear trend has emerged—Bitcoin has consistently held above the $89K mark during the consolidation period, even in the face of strong bearish pressure. This indicates that bulls are actively buying the dip, particularly around the $90K level, showcasing resilience and confidence in Bitcoin’s potential for recovery.

阿德勒（Adler）强调，尽管此阶段的持续时间尚不确定，但出现了一个明显的趋势 - 即使在面对强大的看跌压力的情况下，Bitcoin在合并期间的合并期间一直保持在8.9万美元的高度之上。这表明公牛正在积极购买蘸酱，尤其是在$ 90K的水平左右，展现了对比特币恢复潜力的韧性和信心。

As Bitcoin navigates this critical phase, investors are watching closely for signs of a breakout or further consolidation. Whether the $90K level continues to hold as a key support zone will likely determine the next major move in the market.

随着比特币在这一关键阶段进行导航时，投资者正在密切关注突破或进一步合并的迹象。 $ 90K的水平是否继续作为关键支持区可能会决定市场上的下一个重大行动。

BTC Trading Below $100K Level

BTC交易低于$ 100K

Bitcoin is currently trading at $97,800 after five consecutive days of closing around the $96,500 level. This prolonged consolidation highlights a sense of indecision in the market, as neither bulls nor bears have managed to take full control. As the new week unfolds, the price is poised to break out of this range, potentially heading either toward the $90K demand zone or above the $100K mark to test higher supply levels.

经过$ 96,500级别的连续五天，比特币目前的交易价格为97,800美元。这种延长的合并突出了市场上犹豫不决的感觉，因为公牛和熊都没有完全控制。随着新的一周的展开，价格有望突破这一范围，有可能朝着$ 90K的需求区或高于$ 10万美元的大关以测试更高的供应水平。

For bulls to regain control, reclaiming the $98K mark is essential. This would signal short-term strength and pave the way for a push above the psychologically significant $100K level. Successfully breaking and holding above $100K as support could trigger renewed bullish momentum, driving the price toward all-time highs and beyond.

要使公牛重新获得控制权，重新获得98,000美元的商标至关重要。这将标志着短期的力量，并为超过心理意义的$ 10万美元水平的推动铺平了道路。成功打破并持有超过$ 10万美元的支持可能会触发新的看涨势头，将价格推向有史以来的高潮及以后。

On the other hand, losing the $95K support level would raise concerns among investors and could lead to further declines. A drop below this level would likely take BTC into the $90K demand zone, where significant buying activity has been observed during recent dips. This week will be critical in determining Bitcoin’s short-term direction, with key levels like $95K and $100K acting as pivotal zones for market sentiment. Investors should brace for potential volatility as BTC approaches a decisive move.

另一方面，失去9.5万美元的支持水平将引起投资者的担忧，并可能导致进一步下降。低于此水平的下降可能会使BTC进入$ 90K的需求区，在最近的下降过程中，已经观察到了重大的购买活动。本周对于确定比特币的短期方向至关重要，关键水平为$ 95K和10万美元作为市场情绪的关键区域。随着BTC采取决定性的举动，投资者应为潜在的波动做好准备。

The featured image is from Dall-E, and the chart is from TradingView.

特色图像来自DALL-E，图表来自TradingView。