在强劲转向上方之后，比特币已收回了$ 85,500的水平

比特币在强劲的上升空间之后，比特币收回了85,500美元的水平，重新激发了人们向心理$ 90,000大关推动的希望。

Bitcoin price rose on Monday, kicking off the new week of trading with a move back above the $85,500 level. The recent strength in BTC sparked hopes of a push toward the psychological $90,000 mark, although broader financial market uncertainty continues to loom large.

比特币价格周一上涨，开始了新的交易一周，返回了85,500美元的水平。 BTC最近的实力引发了人们的希望，即朝着心理上的90,000美元大关推动，尽管更广泛的金融市场不确定性仍然存在巨大。

Despite the crypto market’s relative resilience throughout the recent stock market downturn and the threat of an escalating trade war, investors remain cautious.

尽管加密市场在最近的股票市场下滑和贸易战升级的威胁中具有相对的韧性，但投资者仍然谨慎。

Bitcoin Liquidity Remains Strong Despite Slowdown

尽管放缓，比特币流动性仍然很强

Recent reports in the crypto sphere have claimed that Bitcoin liquidity is sharply dropping as capital flows into the market are slowing. However, on-chain data from CryptoQuant suggests otherwise.

加密球体的最新报道声称，随着资本流入市场的放缓，比特币流动性急剧下降。但是，来自加密量的链链数据另有说明。

The slowdown in Bitcoin’s Realized Capitalization growth—currently at +0.6% per month—indicates a reduction in new capital entering the market. But it doesn’t necessarily signal a decrease in liquidity.

比特币实现的资本化增长的放缓（目前为每月 +0.6％）表明，新资本进入市场的减少。但这并不一定意味着流动性下降。

According to CryptoQuant’s data, Bitcoin’s Realized Capitalization continues to grow at a slow and steady pace. The eight-week MA of Realized Capitalization stands at around $866 billion, showcasing a slow but persistent inflow of capital.

根据CryptoQuant的数据，比特币的实现资本化继续以缓慢而稳定的速度增长。八周的实现资本化硕士约为8660亿美元，展示了缓慢但持续的资本流入。

This growth is now decelerating, which might lead some to infer that liquidity is declining. However, such a conclusion would be premature and incomplete.

现在，这种增长正在减速，这可能会导致一些人推断流动性正在下降。但是，这样的结论将过早且不完整。

While the rate of new capital entering Bitcoin is slowing down, it’s not yet signaling a liquidity breakdown. The market is cooling down from the frantic buildup seen in late 2023 and early 2024.

尽管进入比特币的新资本率正在放缓，但尚未表明流动性崩溃。市场正在从2023年底和2024年初的疯狂积累中降低。

Bitcoin Price Testing Crucial Supply

比特币价格测试至关重要的供应

Bitcoin is currently trading at $88,200 after days of speculation surrounding a potential recovery rally. While the recent upward movement has injected optimism into the market, bulls still face a critical test.

经过数天的猜测，比特币目前的交易价格为88,200美元。尽管最近的上升运动已经对市场注入了乐观，但公牛仍然面临着重要的测试。

To confirm a new uptrend and signal the start of a fresh bull phase, Bitcoin must reclaim and hold above the $90,000 level—a key psychological and technical resistance.

为了确认新的上升趋势并表示新的公牛阶段的开始，比特币必须收回并保持超过90,000美元的水平，这是一种关键的心理和技术抵抗力。

This level has acted as a strong barrier in recent weeks, and a decisive breakout could encourage more capital inflows and shift sentiment in favor of buyers. However, the risk of rejection remains high.

最近几周，该水平是一个强大的障碍，决定性的突破可以鼓励更多的资本流入和转移情绪，而有利于买家。但是，被拒绝的风险仍然很高。

If BTC fails to break above $90K and close convincingly above both the 200-day moving average (MA) and the 200-day exponential moving average (EMA), then we could see a swift return of bearish pressure.

如果BTC未能超过$ 90K，并令人信服地超过200天移动平均线（MA）和200天的指数式移动平均线（EMA），那么我们可以看到看跌压力的迅速返回。

A failure to maintain momentum at this stage could trigger a pullback below the $84,000 level, where short-term support is expected to be tested.

在此阶段，未能保持动力可能会触发低于84,000美元的回调，预计将对短期支持进行测试。

Bitcoin is approaching a crucial juncture as it stalls at a key resistance zone. The cryptocurrency faces an immediate resistance at the 200-day MA and the 200-day EMA, both located around $89,800. A breakout above this level could propel Bitcoin toward the next resistance at $90,000.

比特币正在接近关键时刻，因为它停滞在钥匙阻力区域。加密货币在200天的MA和200天的EMA上面临着立即的阻力，均位于约89,800美元。超过此水平的突破可能会推动比特币的下一个阻力为90,000美元。

Moreover, if the bears manage to sink Bitcoin below the $84,000 support, it could open the door for further declines. In the broader market, stock futures are indicating a muted open on Monday, signaling that the recent rally might be losing steam.

此外，如果熊队设法将比特币降低到84,000美元的支持下，则可以为进一步的下降打开大门。在更广泛的市场中，股票期货在周一表明开放式开放，这表明最近的集会可能正在失去动力。

As the market navigates this critical juncture, market participants will be closely watching price action and macroeconomic signals. For now, bullish hopes are alive—but investor caution shows no signs of fading.

当市场导航这一关键时刻时，市场参与者将密切关注价格动作和宏观经济信号。目前，看涨希望已经活着 - 但投资者的警告没有显示出褪色的迹象。