比特幣（BTC）從一月份的歷史最高點數$ 109,000下降了29％以上

最近的低迷是由宏觀經濟不穩定，全球貿易戰的恐懼和收緊財務狀況所驅動的

Bitcoin (BTC) price has dropped by over 29% from its January all-time high (ATH) of $109,000, signaling a broader market correction that has affected both the crypto sphere and U.S. stocks.

比特幣（BTC）的價格從一月份的歷史最高高價（ATH）降低了29％以上，$ 109,000，這表明了更廣泛的市場校正，影響了加密貨幣領域和美國股票。

With fear and uncertainty gripping investors, many are now speculating whether this signals the beginning of a bear market or if it’s simply a normal correction before another leg up.

由於恐懼和不確定性抓住投資者，許多人現在猜測這是否表示熊市的開始，還是只是在另一支腿之前的正常糾正。

The recent downturn has been driven by macroeconomic instability, global trade war fears, and tightening financial conditions, all of which have contributed to weakened investor confidence.

最近的低迷是由宏觀經濟不穩定，全球貿易戰的恐懼和收緊財務狀況的推動，所有這些都導致投資者的信心減弱。

As BTC fails to regain key levels, selling pressure has increased, keeping the market in a risk-off sentiment. However, some investors remain hopeful, believing that this correction is temporary and that Bitcoin will rebound once market conditions stabilize.

由於BTC未能恢復關鍵水平，銷售壓力增加了，使市場處於風險範圍內。但是，一些投資者仍然充滿希望，認為這種更正是暫時的，一旦市場狀況穩定，比特幣將反彈。

CryptoQuant CEO Ki Young Ju recently shared insights on X, highlighting the Bitcoin Apparent Demand indicator, which suggests that demand remains weak at the moment.

CryptoQuant首席執行官Ki Young Ju最近對X分享了見解，強調了比特幣的明顯需求指標，這表明目前需求仍然很弱。

According to Ju, low demand periods have usually been followed by either extended consolidation or further downside, making the next few weeks crucial for BTC’s short-term trajectory.

根據JU的說法，低需求週期之後是延長的合併或進一步的缺點，這對於BTC的短期軌跡至關重要。

Bitcoin struggles to find stability as global markets continue to be plagued by fear and speculation.

隨著全球市場繼續受到恐懼和猜測的困擾，比特幣難以找到穩定。

With global trade war fears escalating and macroeconomic conditions remaining volatile, both the crypto and U.S. stock markets have suffered deep corrections, leaving traders bracing for further downside risks.

隨著全球貿易戰的擔憂升級和宏觀經濟狀況持續不斷，加密貨幣和美國股票市場都遭受了深厚的糾正，使貿易商為進一步的下行風險做好了準備。

Currently, Bitcoin is trading at its lowest levels since November 10, 2024, as bears remain in control and bulls struggle to build a strong foundation for recovery. Since late January, BTC has been locked in a downtrend, with lower targets continuously set by investors who believe that the bull cycle may have ended.

目前，比特幣的交易處於2024年11月10日以來的最低水平，因為熊仍處於控制狀態，公牛隊努力為恢復的強大基礎奠定了堅實的基礎。自1月下旬以來，BTC一直陷入下降趨勢，而較低的目標是由投資者不斷設定的，這些投資者認為牛週期可能已經結束。

However, while Bitcoin’s price action remains weak, not all analysts are convinced that this is the start of a prolonged bear market.

但是，儘管比特幣的價格行動仍然很弱，但並非所有分析師都堅信這是延長熊市的開始。

Ju’s insights on X reveal that Bitcoin demand appears stagnant at the moment. According to Ju’s analysis, the Bitcoin Apparent Demand indicator suggests that interest in BTC has yet to pick up, but it’s still too early to call this a bear market.

JU對X的見解表明，目前比特幣需求似乎停滯不前。根據JU的分析，比特幣明顯的需求指標表明，對BTC的興趣尚未接收，但現在將其稱為熊市還為時過早。

Historically, Bitcoin has experienced similar phases of weak demand before recovering strongly, making the next few weeks critical for BTC’s direction.

從歷史上看，比特幣在強烈恢復之前經歷了相似的需求較弱階段，這使得接下來的幾週對BTC的方向至關重要。

For now, Bitcoin must reclaim key levels to restore market confidence. If demand remains weak, BTC could see further declines, but if buyers step in, the market could begin setting up for a potential recovery.

目前，比特幣必須恢復關鍵水平以恢復市場信心。如果需求仍然很弱，BTC可能會看到進一步的下降，但是如果買家介入，市場可能會開始為潛在的恢復而設置。

Bitcoin is currently trading at $83,100, following several days of selling pressure that has kept it below the $85K mark. The market remains under bearish control, and bulls have yet to show strong momentum for a recovery.

比特幣目前的交易價格為83,100美元，此後幾天的銷售壓力使其低於8.5萬美元。市場仍然受到看跌的控制，公牛隊尚未顯示出強大的恢復動力。

For BTC to regain its bullish structure, it must reclaim the $90K–$91K range, as this level aligns with the 4-hour 200-moving average (MA) and exponential moving average (EMA). A break and hold above this zone would signal renewed buying strength, potentially setting the stage for a strong rebound.

為了使BTC重新獲得看漲的結構，它必須收回$ 90K- $ 9.1K的範圍，因為該水平與4小時的200個流動平均水平（MA）和指數移動平均線（EMA）保持一致。突破並在該區域上方持有，這表明了更新的購買強度，有可能為強有力的反彈奠定基礎。

However, if BTC fails to reclaim the 200-day MA and EMA in the coming days, selling pressure could intensify, leading to a massive drop below $80K. A break below this key psychological level could trigger further liquidations, pushing BTC toward lower demand zones and extending its downtrend.

但是，如果BTC在未來幾天未能收回200天的MA和EMA，那麼銷售壓力可能會加劇，從而導致大幅下降到8.80千美元以下。低於此關鍵心理水平的突破可能會引發進一步的清算，將BTC推向較低的需求區域並擴大其下降趨勢。

With market sentiment still fragile, the next few trading sessions will be crucial in determining whether Bitcoin can recover or if another wave of sell-offs will drive it lower. Bulls must act quickly, or BTC may face further downside risks in the short term.

由於市場情緒仍然脆弱，接下來的幾個交易課程對於確定比特幣是否可以恢復或其他拋售浪潮會降低它至關重要。公牛必須迅速採取行動，或者BTC在短期內可能面臨進一步的下行風險。