比特幣（BTC）價格交易高於歷史高峰

比特幣再次超過了歷史高峰，僅在幾個小時前就超過了$ 110,000的馬克。突破的信號是BTC的強烈看漲勢頭

Bitcoin (BTC) price is trading above all-time highs once again, having surged past the $110,000 mark just hours ago. The breakout signals strong bullish momentum as BTC enters a fresh price discovery phase. Investor sentiment remains upbeat, with many analysts speculating on how far this rally could extend. While some foresee an extended bull run fueled by macro trends and institutional flows, others caution that overheated levels could trigger sharp pullbacks.

比特幣（BTC）的價格再次超過了歷史最高高點，僅在幾個小時前就超過了110,000美元。當BTC進入新鮮的價格發現階段時，突破的表明強烈看漲勢頭。投資者的情緒保持樂觀，許多分析師猜測這次集會可以延長多遠。儘管有些人預見到宏觀趨勢和機構流動的推動力，但另一些人警告說，過熱的水平可能會引發急劇的回調。

One critical piece of data comes from CryptoQuant: since the collapse of Luna in 2022, average weekly trading volumes for the BTC/USD pair on centralized exchanges (CEXs) have sharply declined. From a peak of 2.9 million BTC traded weekly in July 2022, volumes have fallen to just 426,000 BTC as of yesterday’s session.

一個關鍵的數據來自加密量：自2022年露娜（Luna）崩潰以來，集中式交易所（CEX）的BTC/USD對平均每週交易量急劇下降。從2022年7月，BTC每週交易的290萬最高峰值，截至昨天的會議截止日期為426,000 BTC。

This drop in exchange activity suggests two key dynamics. First, a reduced supply of BTC on exchanges is often linked to long-term holding behavior, typically viewed as a bullish signal. Second, lower sell-side liquidity may contribute to increased volatility, especially in the face of rapid price movements.

交換活動中的這種下降提出了兩個關鍵動態。首先，交流中BTC的供應減少通常與長期保持行為有關，通常被視為看漲信號。其次，較低的賣方流動性可能導致波動率提高，尤其是面對價格快速變動。

As Bitcoin continues its upward march, the absence of significant volume on CEXs could either accelerate gains or magnify corrections depending on investor reaction in the days ahead.

隨著比特幣繼續向上游行，根據未來幾天的投資者反應，CEXs缺乏大量的CEX可能會加速或放大校正。

Bitcoin Low Exchange Volume Adds Fuel To Bullish Outlook

比特幣低交換量為看漲前景增添了燃料

Bitcoin is showing resilience in the face of macroeconomic headwinds. While U.S. equities dipped yesterday due to rising yields in Treasury Bonds, Bitcoin climbed steadily, signaling that market participants may be rotating capital into hard assets amid uncertainty. This relative strength highlights BTC’s appeal as a hedge, particularly when traditional markets waver.

面對宏觀經濟的逆風，比特幣表現出彈性。昨天，由於國庫券的收益率上升，美國的股票下降了，但比特幣穩步上升，這表明由於不確定性，市場參與者可能正在將資本旋轉成硬資產。這種相對的力量強調了BTC作為對沖的吸引力，尤其是傳統市場動搖時。

However, despite the bullish momentum, a key hurdle remains at the $115,000 level. Breaking above this resistance would confirm the next phase of the rally and open the door to higher price discovery. Conversely, a failure to hold above current levels around $110,000 could invite a swift correction back to previous support zones. Traders are watching closely, as volatility could rise quickly.

然而，儘管有看漲的勢頭，但鑰匙障礙仍然保持在115,000美元的水平。超越這種阻力將確認集會的下一階段，並為更高的價格發現打開大門。相反，未能使目前的水平不超過$ 110,000，可能會迅速糾正以前的支持區。交易者正在密切關注，因為波動可能會迅速上升。

Top analyst Axel Adler provides further context to the broader trend. According to Adler, after the Luna collapse in 2022, weekly trading volumes for the BTC/USD pair on centralized exchanges (CEXs) have plummeted—diminishing from 2.9 million BTC in July 2022 to a mere 426,000 BTC this week.

頂級分析師Axel Adler為更廣泛的趨勢提供了進一步的背景。據阿德勒（Adler）稱，在2022年露娜（Luna）倒閉之後，BTC/美元對集中式交易所（CEXS）的每週交易量暴跌 - 從2022年7月的290萬BTC到本週的426,000 BTC。

This sustained long-term decline in exchange activity is seen as a bullish structural shift. It signals a move toward long-term holding behavior and a tightening of the BTC supply that is available for trading. With fewer coins circulating on exchanges, sell-side pressure lessens, creating a more supportive backdrop for the continuation of the current upward price trend.

交換活動中這種長期持續的長期下降被視為看漲的結構轉變。它標誌著朝著長期持有行為和可用於交易的BTC供應收緊的邁進。由於交易所流通的硬幣減少，賣方壓力減輕了，從而為當前上漲趨勢的延續創造了更具支持性的背景。

BTC Price Action Shows Strong Momentum

BTC價格動作顯示出強大的動力

Bitcoin is currently trading at $110,855 after briefly touching $111,163, showcasing strong upward momentum and the continuation of the bullish trend. On the 4-hour chart, BTC has consistently posted higher lows and higher highs since bouncing off the $100K support level on May 15. The recent breakout above the $108K resistance level triggered a surge in buying volume, propelling BTC into uncharted territory.

比特幣短暫觸及111,163美元後，比特幣的交易價格為110,855美元，展示了強勁的向上勢頭和看漲趨勢的延續。在4小時的圖表上，自5月15日以10萬美元的支持水平彈跳以來，BTC一直在較高的低點和更高的高點。最近的突破超過$ 108K的阻力水平引發了購買量的激增，將BTC推向了未知領域。

Key technical indicators support the bullish bias. The 200-period simple moving average (SMA) at $98,024 and the 200-period exponential moving average (EMA) at $98,826 are trending upward, which confirms strong underlying trend support. Volume spikes in the last two sessions suggest strong conviction from buyers.

關鍵技術指標支持看漲的偏見。 200週期的簡單移動平均線（SMA）為98,024美元，而200個週期指數的移動平均線（EMA）為98,826美元，這證實了強大的基本趨勢支持。在過去的兩個會議上，量峰值表明買家的堅定信念。

However, the price is beginning to show signs of potential exhaustion. The latest candles exhibit long wicks on the upper side, which could indicate selling pressure. If BTC fails to maintain momentum, we could see a retest of the $108K breakout level. Immediate support lies around $103,600, with $100K serving as the psychological floor.

但是，價格開始顯示出潛在疲憊的跡象。最新的蠟燭在上側顯示長燈芯，這可能表明銷售壓力。如果BTC無法保持動力，我們可以看到$ 108K突破水平的重新測試。立即支持約為103,600美元，$ 10萬美元作為心理場所。