比特幣（BTC）經歷了一周的優柔寡斷價格行動，使投資者對市場的方向不確定

比特幣經歷了一周的優柔寡斷價格行動，使投資者對市場的方向不確定。儘管停滯不前，歷史趨勢仍在

Bitcoin price has been stuck in a holding pattern this past week, leaving investors in a state of uncertainty regarding the market's direction.

比特幣的價格在過去一周中一直處於持有模式中，使投資者對市場的方向處於不確定性狀態。

However, despite this stagnation, historical trends in investor behavior suggest a rally could still be brewing, defying expectations based on price alone.

然而，儘管停滯不前，投資者行為的歷史趨勢表明，集會仍然可能是在釀造，僅基於價格就會違背期望。

As December 2024 buyers are maturing into long-term holders (LTHs) with a 155-day period, the LTH net unrealized profit/loss (NUPL) is becoming increasingly positive, which is a bullish factor for Bitcoin.

由於2024年12月的買家正在成熟到155天的長期持有人（LTHS），因此第LTH淨未實現的盈利/損失（NUPL）變得越來越積極，這是比特幣的看漲因素。

Why Is LTH NUPL Crucial For Bitcoin?

為什麼LTH NUPL對比特幣至關重要？

The LTH NUPL tracks the collective realized profit or loss of investors who bought Bitcoin at least 155 days ago, hence the term “long-term holders.” It plays a pivotal role in gauging the market's overall health and potential for future movements.

LTH NUPL跟踪集體實現的盈利或損失，這些投資者至少在155天前購買了比特幣，因此“長期持有人”一詞。它在衡量市場的整體健康狀況和未來運動的潛力方面起著關鍵作用。

When the LTH NUPL is deep in negative territory, it signifies that a large portion of LTHs are currently at a loss, which usually occurs during bear markets.

當LTH NUPL在負面的領土深處時，它表明，目前很大一部分LTH處於虧損狀態，通常發生在熊市。

As the market recovers and prices rise, the LTH NUPL gradually becomes less negative, indicating that LTHs are slowly recovering their investments.

隨著市場恢復和價格上漲，LTH NUPL逐漸變得越來越少，這表明LTHS正在慢慢恢復其投資。

A neutral LTH NUPL, around zero, suggests that LTHs have, on average, broken even on their investments. This balance point is often reached at the end of a bull cycle or during a period of prolonged price stability.

中立的LTH NUPL（零左右）表明，即使在投資中，LTH平均也破壞了。在公牛週期結束時或價格延長的時期，通常達到此平衡點。

As the LTH NUPL moves into positive territory, it indicates that the majority of LTHs are now in profit, which is a bullish signal as it lessens the urgency for LTHs to sell their coins to realize gains.

隨著LTH NUPL進入積極的領域，這表明大多數LTH現在都在獲利，這是一個看漲的信號，因為它減少了LTH的緊迫性出售其硬幣以實現收益的緊迫性。

This behavior, in turn, could support Bitcoin’s price stability and potentially drive gains further as the market matures and short-term volatility is absorbed.

反過來，這種行為可以支持比特幣的價格穩定性，並且隨著市場成熟和短期波動的吸收，可能會進一步推動增長。

Bitcoin Fear And Greed Index Shifts Again

比特幣恐懼和貪婪指數再次改變

The crypto market has seen better days despite the LTH NUPL being in a healthy range.

儘管LTH NUPL處於健康範圍內，但加密市場的日子已經過了更好。

According to the Fear & Greed Index, investor sentiment has swung back toward fear over the past 48 hours.

根據恐懼和貪婪指數，在過去的48小時中，投資者的情緒恢復了恐懼。

The shift to more fear in the crypto market signals that retail traders are becoming increasingly apprehensive. This increased fear could set the stage for a market rise.

在加密貨幣市場信號中，零售商人變得越來越擔心的轉變。這種增加的恐懼可能為市場上升帶來舞台。

Historically, bearish crowd sentiment has typically signaled a buying opportunity, while traders tend to get sold out of the market when greed is high.

從歷史上看，看跌人群的情緒通常標誌著購買機會，而交易者在貪婪很高時往往會被賣光。

The fact that the market is moving into fear again amid strong price fundamentals and a rising LTH NUPL could suggest that the breakout is still to come as traders value hunt during the dip.

由於價格強勁的基本原理和上升的LTH NUPL可能會表明，由於交易者在下跌過程中重視狩獵，因此市場再次陷入恐懼。

What Next For Bitcoin Price?

比特幣價格下一步什麼？

Bitcoin price is currently trading at $103,885. It is now ranging between $105,000, which is the recent high, and $102,734, a key level to watch out for.

比特幣價格目前的交易價格為103,885美元。現在，它的範圍在105,000美元之間，即最近的高點和102,734美元，這是要注意的關鍵水平。

To reach $110,000, Bitcoin needs to rally nearly 6%, which is achievable considering the recent momentum.

要達到110,000美元，比特幣需要將近6％的速度集結，考慮到最近的勢頭，這是可以實現的。

Last week, Bitcoin surged 11% in just five days, showcasing its potential for swift upward movements. In the process of this rally, a resistance level was encountered and flipped into support at $105,000.

上週，比特幣在短短五天內飆升了11％，展示了其迅速向上移動的潛力。在這次集會的過程中，遇到了一個阻力水平，並以105,000美元的價格轉向支撐。

The next resistance to watch out for is at $106,265. If this level is successfully flipped into support, it would likely confirm a push toward $110,000 and possibly a new all-time high.

要注意的下一個阻力為106,265美元。如果該水平成功地得到支持，它可能會確認向110,000美元的推動力，並可能是新的歷史最高水平。

However, if Bitcoin continues to consolidate sideways, impatient investors might sell to avoid further potential losses. This selling pressure could drive the price lower from $102,734.

但是，如果比特幣繼續鞏固側面，則不耐煩的投資者可能會出售以避免進一步的潛在損失。這種銷售壓力可能會使價格從102,734美元降低。

If this level breaks down, it would invalidate the bullish outlook for now, potentially dropping the price toward $100,000.

如果這個水平分解，它將暫時使看漲的前景無效，可能會將價格降至100,000美元。