比特幣（BTC）達到了新歷史最高的$ 111,861

隨著比特幣披薩日將BTC推到111,000美元以上，我們才剛剛開始嗎？

Bitcoin (BTC) price analysis: BTC pulls back slightly after hitting new all-time high of $111,861

比特幣（BTC）價格分析：BTC跌入新的歷史最高點111,861美元後，略有退縮

Bitcoin price is pulling back slightly after hitting a new all-time high of $111,861 earlier in the session. The cryptocurrency rose as high as $111,861 in early trading on May 22, later pulling back to around $111,500.

在會議早些時候，比特幣價格略有稍微退縮。在5月22日早期交易中，加密貨幣上漲了高達111,861美元，後來又回到了111,500美元左右。

The new peak came as U.S. stock markets fell the previous day, highlighting a growing divergence between Bitcoin and traditional equities. Typically, there is a correlation between the Nasdaq and Bitcoin, especially during periods of economic uncertainty, but that wasn’t the case on Thursday.

新的山峰是在美國股市前一天下降的，強調了比特幣和傳統股票之間的差異。通常，納斯達克和比特幣之間存在相關性，尤其是在經濟不確定性時期，但事實並非如此。

Several developments may be contributing to the divergence. On Friday, the U.S. Senate advanced a bill that would create a regulatory framework for stablecoins, aiming to prevent the shadow banking system from engaging in activities that could destabilize the financial system.

幾個發展可能導致分歧。週五，美國參議院提出了一項法案，該法案將為Stablecoins創建監管框架，旨在防止影子銀行體係從事可能破壞金融體系穩定的活動。

The bill, which is the first formal move toward broader cryptocurrency legislation in the U.S., focuses specifically on dollar-pegged digital assets, presenting an opportunity for the administration to quickly pass a meaningful measure.

該法案是美國邁向更廣泛的加密貨幣立法的首次正式行動，它專門針對美元的數字資產，為政府提供了迅速通過有意義的措施的機會。

The legislation stems from a broader initiative to regulate cryptocurrencies, with the administration aiming to complete the regulatory landscape by year’s end.

該立法源於一項更廣泛的計劃，以規範加密貨幣，政府旨在在年底之前完成監管格局。

The bill's passage comes amid increasing attention on the risks posed by stablecoins, especially following the collapse of FTX and the subsequent scrutiny of the crypto space.

該法案的通過越來越多地關注穩定幣的風險，尤其是在FTX崩潰以及隨後對加密貨幣空間的審查之後。

Moreover, institutional investors appear to be showing greater interest in Bitcoin. JPMorgan Chase & Co. CEO Jamie Dimon announced during the bank’s annual investor meeting on Thursday that clients would now be able to purchase Bitcoin through the firm’s platforms.

此外，機構投資者似乎對比特幣表現出更大的興趣。摩根大通公司（JPMorgan Chase＆Co。）首席執行官傑米·戴蒙（Jamie Dimon）在周四的年度投資者會議上宣布，客戶現在可以通過該公司的平台購買比特幣。

While JPMorgan won’t be directly holding the asset, offering access through its infrastructure marks a key change for one of the world’s largest banks.

雖然摩根大通不會直接持有資產，但通過其基礎設施提供訪問量標誌著世界上最大的銀行之一的關鍵變化。

JPMorgan’s CEO Jamie Dimon also stated, “I’m not a fan of Bitcoin,” adding that he prefers "a great country" or a "great currency" to Bitcoin.

摩根大通的首席執行官傑米·戴蒙（Jamie Dimon）也表示：“我不是比特幣的粉絲”，並補充說，他更喜歡“一個偉大的國家”或比特幣的“偉大貨幣”。

Despite his personal preference, the move responds to rising client interest in cryptocurrency investments.

儘管他個人的偏愛，此舉仍對客戶對加密貨幣投資的興趣不斷增加。

The move by JPMorgan comes as other major institutions, such as BlackRock and Charles Schwab, are also showing interest in the crypto space.

摩根大通（JPMorgan）的舉動是其他主要機構（例如貝萊德（Blackrock）和查爾斯·施瓦布（Charles Schwab））對加密貨幣空間的興趣。

Rising interest from big institutions could lead to greater institutional capital flows into crypto in the coming months.

在接下來的幾個月中，大型機構的興趣不斷提高可能導致更大的機構資本流入加密貨幣。

Bitcoin technical analysis

比特幣技術分析

The daily chart on Bitcoin shows a clean breakout structure. Following a prolonged consolidation between January and mid-April, where prices held within a narrow band between $95,000 and $105,000, momentum began building in late April with a steady upward move.

比特幣上的每日圖表顯示出乾淨的突破結構。在1月至4月中旬之間長時間的合併之後，價格在狹窄的樂隊中保持在95,000美元至105,000美元之間，勢頭從4月下旬開始建立，並穩定地向上行動。

A more defined breakout emerged once BTC pushed past the $105,000 resistance, a level that had capped multiple rally attempts since the beginning of the year.

一旦BTC推開了105,000美元的電阻，就出現了更明確的突破，這一水平自今年年初以來一直在限制了多次集會嘗試。

The recent price action established a clear pattern of higher highs and higher lows, reinforcing the bullish trend. The current leg of the rally began from the April swing low near $73,000.

最近的價格行動確立了更高高點和更高低點的明顯模式，從而增強了看漲趨勢。集會的當前腿從4月的鞦韆低點接近73,000美元開始。

From that level, Bitcoin has gained over 50% in less than two months, climbing with minimal pullbacks and entering a zone of limited historical reference, where price discovery becomes more speculative.

從這個級別上，比特幣在不到兩個月的時間內增長了50％以上，以最少的回調攀爬，並進入歷史參考有限的區域，在這種情況下，價格發現變得更具投機性。

The area between $105,000 and $107,000 now acts as the first major support zone. This range acted as resistance during the earlier consolidation and has likely flipped into support following the breakout.

現在，$ 105,000至107,000美元之間的面積是第一個主要支持區。該範圍在較早的整合過程中充當阻力，並可能在突破後轉向支撐。

A potential retracement into this zone would offer traders a key area to gauge market strength and the likelihood of trend continuation.

潛在的回溯該區域將為交易者提供一個關鍵領域，以衡量市場實力和趨勢延續的可能性。

However, psychological round numbers like $115,000 and $120,000 may act as soft barriers, considering how commonly such levels influence behavior in crypto markets.

但是，考慮到這種水平通常如何影響加密市場的行為，諸如115,000美元和120,000美元之類的心理回合數量可能是軟壁壘。

Sustaining a daily close above $112,000 with strong volume could open the way toward the $118,000 to $120,000 zone, where sellers might begin to emerge and trigger partial profit-taking.

每天在112,000美元以上的每日關閉，批量強勁，可以為$ 118,000至$ 120,000的區域開放，賣方可能會開始出現並觸發部分利潤。

From a trend perspective, momentum indicators are likely approaching overbought conditions. While that doesn’t imply an immediate reversal, it does highlight the increasingly stretched nature of the move.

從趨勢的角度來看，勢頭指標可能正在接近過分購買的條件。儘管這並不意味著立即逆轉，但它確實突出了這一舉動的越來越伸展的本質。

A deeper pullback would bring the $98,000 to $100,000 region into focus. This zone holds structural importance and could serve as secondary support before any larger move lower.

更深層次的回調將使$ 98,000至100,000美元的地區成為重點。該區域具有結構性的重要性，可以作為次要支撐，然後再降低較大的移動。

Losing that level might lead to a broader retest of the $92,000 to $95,000 range, where Bitcoin spent considerable time consolidating earlier in the year.

失去這一水平可能會導致更廣泛的重新測試，其中92,000至95,000美元的範圍，比特幣在今年早些時候花費了相當長的時間。

For now, the technical structure remains strong, supported by confirmed breakout levels and active participation across both spot and derivatives markets.

目前，技術結構保持強大，並得到確認的突破水平和衍生品市場的積極參與。

Bitcoin price analysis: BTC pulls back slightly after hitting new all-time high of $111,861

比特幣價格分析：BTC跌入新的歷史最高點111,861美元後，略有退縮

Bitcoin price is pulling back slightly after

比特幣的價格在稍微撤回