标题：比特币（BTC）最新更正提出了有关其牛周期是否处于结束的问题的问题

广泛遵循的Quant Analyst Planb表示，比特币（BTC）的最新更正现在提出了有关其牛周期是否处于结局的问题。

Quant analyst PlanB says Bitcoin's latest correction is now raising questions as to whether its bull cycle is on the verge of ending.

Quant Analyst Planb说，比特币的最新更正现在提出了有关其牛周期是否处于结局的问题。

In a new strategy session, PlanB says that while on-chain data suggests Bitcoin remains in a bull market, a lack of new all-time highs since January may indicate a bear market is starting to form.

Planb在一项新的战略会议上说，尽管链链数据表明比特币仍在牛市中，但自1月份以来，缺乏新的历史高潮，表明熊市已经开始形成。

"Some questions about the Bitcoin market cycle chart. It is still measuring 'bull market' (red) in on-chain data. But as I explain in today’s video, we are at a crossroads."

“有关比特币市场周期图表的一些问题。它仍在衡量链接数据中的'牛市'（红色）。但是，正如我在今天的视频中所解释的那样，我们处于十字路口。”

The analyst says there remains the potential of a V-shaped recovery after Bitcoin's correction that tapped about $78,000 last week.

这位分析师说，在比特币的校正上周挖掘了约78,000美元之后，V形恢复仍然存在。

"In bull markets, we can have multiple dips that are 20% or even 30% minus. However, it was still an unexpected dip. I expected more all-time highs after January's all-time high and I expected February to be an all-time high as well, above $102,000. So we’re really at the crossroads right now.

“在牛市中，我们可以有多次跌幅为20％甚至30％。但是，这仍然是一个意外的下降。我希望在一月份的历史最高水平之后，我预计有史以来有史以来的高潮，我预计2月也将成为有史以来的高度，超过102,000美元。因此，我们现在确实在交叉路口。

Either we’ll have a red hot bull market, a continuation of the bull market, or we enter the distribution phase into a bear phase. So what will it be? I don’t know. That’s a big question. Was this the top and is this the start of the bear market, or will we see a V-shape recovery and more bull market action?"

要么我们要有一个红热的牛市，牛市的延续，要么我们进入分配阶段进入熊阶段。那将是什么？我不知道。这是一个大问题。这是最高的，这是熊市的开始，还是我们会看到V形恢复和更多的牛市行动？”

Based on historical precedence, the analyst says Bitcoin is likely to rally from current prices and print new all-time highs.

根据历史优先，分析师说，比特币可能会从当前价格中脱颖而出，并打印出新的历史最高点。

"Yes, it has been at this crossroads each and every halving cycle. In all cycles the market has chosen bull/FOMO from here, but we have had only four cycles, not really enough to say something statistically sound. Fingers crossed for this fifth cycle."

“是的，它一直处于每个减半周期的十字路口。在所有周期中，市场从这里选择了公牛/福莫，但是我们只有四个周期，还不足以说出统计学上的声音。在这个第五个周期中，手指交叉了。”

Bitcoin is trading for $84,377 at time of writing, down 6.5% in the last 24 hours.

比特币在写作时的交易价格为84,377美元，在过去24小时内下跌6.5％。