比特幣（BTC）公牛面臨1.2億美元的抵抗挑戰

BTC公牛隊面臨1.2億美元的抵抗挑戰

Bitcoin bulls are facing a $120 million resistance challenge as they look to extend the classic “stair-step” uptrend, or periodic controlled move higher, order book data from analytics platform Kiyotaka.ai showed on Wednesday.

比特幣公牛從分析平台Kiyotaka.ai週三顯示的訂購書籍數據中顯示，他們希望擴大經典的“樓梯步驟”上升趨勢，或者定期受控移動的較高的經典“樓梯”上升趨勢，正面臨1.2億美元的抵抗挑戰。

Since April 9, bitcoin has climbed about 38%, advancing from around $75,000 to $104,000 as trade tensions eased and major market participants deployed capital.

自4月9日以來，比特幣已攀升約38％，隨著貿易緊張局勢緩解和主要市場參與者部署資本，比特幣從約75,000美元上升到104,000美元。

This rally can be described as a classic stair-step pattern: Initial bullish impulses are followed by periods of consolidation, which set the stage for the next upward move.

該集會可以描述為經典的樓梯步驟模式：最初的看漲衝動之後是合併時期，這為下一個上下移動奠定了基礎。

For example, the initial increase from $75,000 encountered range-bound trading between $83,000 and $85,000. The subsequent step higher faced consolidation between $92,000 and $96,000.

例如，最初從75,000美元遇到的範圍交易在83,000美元至85,000美元之間。隨後的步驟更高面對92,000美元至96,000美元。

Similarly, since May 10, prices have mainly oscillated between $101,000 and $105,000, marking consolidation following the step into six-figure territory.

同樣，自5月10日以來，價格主要在101,000美元至105,000美元之間振盪，這標誌著階段進入六位數領土之後的合併。

From here, advancing to the next phase of gains will require bulls to chew through a substantial number of sell orders at around $105,000, posing a significant resistance barrier.

從這裡開始，前進到下一階段的收益將要求公牛以約105,000美元左右的大量賣出訂單咀嚼，並帶來明顯的阻力障礙。

Sell orders worth nearly $50 million were open at $104,800 across major exchanges in addition to the $70 million in selling pressure at $105,000, according to the data source.

根據數據源，賣出價值近5000萬美元的賣出訂單開放為104,800美元。

Kiyotaka.ai tracks the order book heat map by pulling order book data from spot trading on Binance, Bitstamp, Bybt, Coinbase and OKX and perpetual futures trading on Binance, Bybit and OKX.

Kiyotaka.ai通過從Binance，BitStamp，Bybt，Coinbase和OKX和OKX以及Bybit和Okx上的訂單交易中提取訂單簿熱圖跟踪訂單的熱圖。

An open order placed above the current market price is usually a sell order. These can be called limit sell orders, setting the minimum price that sellers are willing to accept. When the spot price reaches this level, the order may be executed, allowing the seller to sell at or above that level.

在當前市場價格以上的開放訂單通常是賣出訂單。這些可以稱為限額賣出訂單，設定賣方願意接受的最低價格。當現貨價格達到此級別時，可以執行訂單，從而使賣方以或更高的價格出售。

The chart shows that the global aggregated order book is relatively stacked at higher price levels, hinting at potential profit taking as prices approach lifetime highs.

該圖表顯示，全球匯總訂單簿相對較高的價格水平堆疊，這暗示了隨著價格接近壽命高點的潛在利潤。

Macro indicators and technical momentum indicators suggest the path of least resistance is on the higher side, meaning sooner or later bulls will absorb the selling pressure, lifting valuations to record highs.

宏觀指標和技術動量指標表明，阻力最小的路徑是較高的一側，這意味著公牛遲早會吸收銷售壓力，從而提高估值以記錄高點。

In other words, these sell walls won't be there forever.

換句話說，這些賣牆不會永遠存在。