比特币价格在狭窄的范围内大量合并，暗示了超额价格压缩

BTC价格似乎受到高价上涨的金价影响，类似于标准普尔500指数，这表明这三个相关

Bitcoin price has been heavily consolidating within a narrow range, hinting towards an excess price compression. The BTC price seems to be badly impacted by the rising gold price, similar to the S&P 500, which suggests a deep correlation between the three.

比特币的价格在狭窄的范围内已大大巩固，这暗示着价格过多的压缩。 BTC的价格似乎受到高涨的黄金价格的严重影响，类似于标准普尔500指数，这表明这三者之间存在深厚的相关性。

In the past few months, Bitcoin has been following a pattern of experiencing a short-term positive impact after a positive event. The recent FOMC meeting, which kept the rates unchanged, induced strength in crypto and the traditional markets. But it appeared to be a short-lived rally as the bears quickly jumped in and extracted profits.

在过去的几个月中，比特币一直遵循一种正面事件后的短期积极影响的模式。最近的FOMC会议使费率保持不变，引起了加密货币和传统市场的实力。但是，随着熊迅速跳入并提取利润，这似乎是一个短暂的集会。

This raises concerns over the next price action of BTC as it remained more or less depleted in the times when the market experts predicted a strong bull run.

这引起了人们对BTC的下一个价格行动的担忧，因为在市场专家预测强大的牛市时，它或多或少会耗尽。

Is the local bottom in for the BTC price rally or more pain is on the horizon?

BTC价格集会或更多痛苦的本地底部是否即将到来？

The recent rise to $87,000 has increased the optimism among the market participants, who expected a surge above $90,000. Meanwhile, the dropped strength of the bulls triggered the bearish activity that dragged the levels back to their initial position. The price is currently trading just above $84,000 and hence, holding the daily candle anywhere between $84,000 and $85,000 is extremely important for the token to prevent falling back to the local lows.

最近的上升到87,000美元，增加了市场参与者的乐观情绪，他们预计会激增90,000美元以上。同时，公牛的强度下降引发了看跌活动，将水平拖回其初始位置。目前，价格的交易价格略高于84,000美元，因此，将每日蜡烛保持在84,000美元至85,000美元之间，对于代币而言，防止落回当地低点非常重要。

Gold Hits ATH, BTC Price Consolidates–Here’s Why!

黄金击中ATH，BTC价格合并 - 在这里！

Gold has recently smashed new highs after surging above $3000 per ounce, which is said to be the biggest bull run. On the other hand, the S&P 500 and Bitcoin continue to consolidate within a narrow range. Moreover, both rallies have been forming a plunging ever since Donald Trump was sworn in as the new President of the U.S.

在每盎司3000美元以上飙升至3000美元之后，Gold最近粉碎了新的高点，据说这是最大的公牛奔跑。另一方面，标准普尔500指数和比特币继续在狭窄的范围内合并。此外，自从唐纳德·特朗普（Donald Trump）宣誓就职以来，这两个集会一直在暴跌

Interestingly, the gold prices also took off around the same time, which suggests a momental shift of investors’ sentiments and liquidity onto the traditional investment tool. Besides, a massive drop in the BTC spot volume also substantiates the claim. Currently, Gold is outperforming Bitcoin, as the ratio between them is also falling apart. This suggests until the gold bull run is active, the BTC price rally may remain consolidated within a narrow range.

有趣的是，黄金价格也大约在同一时间起飞，这表明投资者的情绪和流动性将其转变为传统的投资工具。此外，BTC斑点量的大幅下降也证明了这一主张。目前，黄金的表现优于比特币，因为它们之间的比率也崩溃了。这表明，直到金牛的运行活动才能，BTC价格集会可能仍在狭窄的范围内保持合并。

What’s Next for the Bitcoin Price Rally?

比特币价格集会的下一步是什么？

Ever since the BTC price broke below the multi-month ascending support, the token has been trading under a strong bearish influence. Moreover, the failed attempt to rise above the trend line has made bears more confident. As a result, the bulls have been falling for lack of strength after a small upswing, which does not appear to be good for a healthy price rally. In the times when the market participants expect a rebound to $90,000, the broader price dynamics suggest more bearish actions are on the horizon.

自BTC价格低于多个月升高的支持以来，代币一直在持久的看跌影响下进行交易。此外，失败的尝试超越趋势线使熊变得更加自信。结果，公牛在小幅上升后由于缺乏力量而下降，这似乎对健康的价格集会并不好。在市场参与者期望反弹至90,000美元的时期，更广泛的价格动态表明，更多的看跌行动即将到来。

The weekly chart of Bitcoin suggests the price is trying hard to clear the crucial resistance at the 200-day weekly MA at $84,634.23. With this, the price may enter the pivotal resistance zone between $85,296 and 86,466. However, the RSI continues to form lower highs and lows while the OBV follows the trend. This suggests a significant outflow of liquidity, due to which the strength of the rally is dropping consistently. Moreover, the price continues to consolidate of test the local bottoms, and the possibility of a death cross could be more viable in the long term, which could have a massive impact.

每周的比特币图表表明，价格正在努力清除200天每周MA的关键阻力，为84,634.23美元。这样，价格可能进入关键阻力区85,296至86,466。但是，RSI继续形成较低的高点和低点，而OBM遵循趋势。这表明流动性大量流出，因此集会的强度始终如一地下降。此外，价格继续巩固测试本地底部，从长远来看，死亡十字架的可能性可能更加可行，这可能会产生巨大的影响。

Now that the Bitcoin price is closely following the S&P500, it is very important to stay focused on the larger economy, the stock market, and the US and global M2.

既然比特币价格紧随标准普尔500指数，那么专注于更大的经济，股票市场以及美国和全球M2非常重要。