比特币的反弹：绊脚石还是暂时的挫折？

尽管最近出现反弹，但比特币无法维持势头，表明投资者正在逢高抛售，导致短期需求下降。尽管出现回调，CryptoQuant 的分析表明牛市仍然完好无损，因为目前只有 48% 的投资来自短期持有者，低于 84%-92% 的典型峰值范围。

Is Bitcoin's Rally Fizzling Out, or Just a Temporary Dip?

比特币的涨势是否会结束，还是只是暂时的下跌？

Despite Bitcoin's impressive recovery, its inability to sustain the momentum has raised concerns among investors. The recent consecutive net withdrawals from spot Bitcoin exchange-traded funds (ETFs) suggest that investors are cashing out on the uptick, leading to a decline in demand in the short term.

尽管比特币的复苏令人印象深刻，但其无法维持这一势头引起了投资者的担忧。近期比特币现货交易所交易基金（ETF）连续出现净撤资，表明投资者正在趁机套现，导致短期需求下降。

Bitcoin's Bullish Outlook: Intact or Impaired?

比特币的看涨前景：完好还是受损？

Despite the pullback, analysts at CryptoQuant remain optimistic about Bitcoin's bull market prospects. They point out that bull markets typically end when 84%-92% of investment comes from short-term holders, who currently account for only 48%. The correction preceding the Bitcoin Halving is seen as a positive sign, as parabolic trends are often unsustainable.

尽管出现回调，CryptoQuant 的分析师仍对比特币的牛市前景持乐观态度。他们指出，当84%-92%的投资来自短期持有者时，牛市通常就会结束，而目前短期持有者仅占48%。比特币减半之前的调整被视为一个积极的信号，因为抛物线趋势往往是不可持续的。

Technical Analysis: Bitcoin's Path Forward

技术分析：比特币的前进之路

Bitcoin's sharp recovery from the 38.2% Fibonacci retracement level at $61,700 indicates a willingness to buy on dips. However, resistance levels at EMA lines are holding strong. The 20-day exponential moving average (EMA) is flat, and the relative strength index (RSI) is around the midline, suggesting sideways movement in the near term.

比特币从 61,700 美元的 38.2% 斐波那契回撤位大幅反弹，表明人们愿意逢低买入。然而，EMA 线的阻力位保持强劲。 20日指数移动平均线（EMA）持平，相对强弱指数（RSI）位于中线附近，表明近期将横盘整理。

Support at $60,775 and the 50-day simple moving average (SMA) at $58,000 are likely to be defended by buyers. A surge beyond $69,000 could pave the way for a challenge of the record peak at $74K.

买家可能会捍卫 60,775 美元的支撑位和 58,000 美元的 50 天简单移动平均线 (SMA)。如果价格飙升至 69,000 美元以上，可能会为挑战 74,000 美元的历史峰值铺平道路。

Ethereum: Bulls and Bears Vie for Control

以太坊：多头和空头争夺控制权

ETH has surged over 2.2% from yesterday's rate, but it recently dipped from the 20-day EMA. Sellers may attempt to breach support at $3,100, which could lead to a decline to $2,700.

ETH 较昨天上涨了 2.2% 以上，但最近从 20 日均线下跌。卖家可能会尝试突破 3,100 美元的支撑位，这可能导致跌至 2,700 美元。

Conversely, if support at the 50-day SMA holds, the pair may oscillate within the range defined by the moving averages. A breakout above $3,600 could reignite bullish momentum, potentially driving the pair towards $4,100.

相反，如果 50 日移动平均线的支撑位保持不变，则该货币对可能会在移动平均线定义的范围内振荡。突破 3,600 美元可能会重新点燃看涨势头，有可能推动该货币对升至 4,100 美元。

Ripple: Bullish Momentum on the Horizon?

瑞波币：看涨势头即将到来？

XRP/USDT is expected to gain momentum if buyers push the price beyond $0.65, targeting resistance at $0.74. Surpassing this level could signal the start of an upward phase towards $0.948.

如果买家将价格推高至 0.65 美元以上，预计阻力位为 0.74 美元，XRP/USDT 预计将获得动力。超过该水平可能标志着上涨阶段的开始，朝向 0.948 美元。

If the price declines and remains under the 20-day EMA, sellers may continue to dominate, with the pair fluctuating between $0.64 and the uptrend line. A descent below the uptrend line could pull the pair down to $0.52.

如果价格下跌并保持在 20 日均线下方，卖家可能会继续占据主导地位，货币对在 0.64 美元和上升趋势线之间波动。跌破上升趋势线可能会将该货币对拉低至 0.52 美元。

Aptos: Buyers Aim for Higher Highs

Aptos：买家瞄准更高的高点

Buyers have successfully maintained APT price above $10, indicating efforts to establish this level as a support base. The upward trend of the 20-day EMA at $16 and the positive RSI suggest that bulls have the upper hand.

买家成功地将 APT 价格维持在 10 美元以上，表明他们正在努力将该水平建立为支撑基础。 20 日均线 16 美元的上升趋势和积极的 RSI 表明多头占据上风。

The pair may see a gradual surge towards the resistance zone between $17 and $20, which sellers are likely to defend. A breakout above $20 could signal a continuation of the uptrend, potentially leading to new highs.

该货币对可能会逐渐飙升至 17 美元至 20 美元之间的阻力区，卖家可能会捍卫该阻力区。突破 20 美元可能预示着上升趋势的延续，并有可能创下新高。

MANTA: Bulls and Bears Wage Battle

MANTA：牛市和熊市展开战斗

Bulls have defended the $2.5 support level for MANTA, but they face challenges in keeping the price above the 20-day EMA at $3.2.

多头捍卫了 MANTA 2.5 美元的支撑位，但他们面临着将价格保持在 20 日均线 3.2 美元上方的挑战。

The downward-trending 20-day EMA and the RSI around the midline indicate that bears are gaining momentum. A renewed effort to push the price beneath the $2.5 support could lead to a decline to $2 or even $1.6.

呈下降趋势的 20 日均线和中线附近的 RSI 表明空头正在获得动力。如果再次努力将价格推低至 2.5 美元支撑位以下，可能会导致价格跌至 2 美元甚至 1.6 美元。

Conversely, a bounce from the $2.5 support would indicate strong defense by the bulls, leading to another attempt to climb towards the 20-day EMA. Surpassing $3.2 would suggest the end of the corrective phase.

相反，从 2.5 美元支撑位反弹将表明多头的强势防御，导致再次尝试攀升至 20 日均线。超过 3.2 美元将表明修正阶段结束。