比特幣圖表，市場週期和$ 138K：我們還在嗎？

比特幣圖表正在閃爍看漲信號，但是市場週期真的死了嗎？另外，一個$ 138K的目標 - 讓我們深入了解最新的見解。

Bitcoin Charts, Market Cycle & $138K: Are We There Yet?

比特幣圖表，市場週期和$ 138K：我們還在嗎？

Bitcoin's been on a tear lately, and the big question on everyone's mind is: where do we go from here? With Bitcoin charts painting a pretty picture and whispers of a $138K target, let's see what's cooking.

比特幣最近流淚了，每個人的想法是：我們從這裡去哪裡？隨著比特幣圖表繪畫一張漂亮的圖片和13.8萬美元目標的耳語，讓我們看看什麼是烹飪。

New All-Time Highs and the $138K Target

新的歷史高點和$ 138K的目標

Bitcoin recently hit a new all-time high of $123,100 on Binance, and onchain data suggests this rally might have some legs. One potential target making the rounds? A cool $138,000. This projection aligns with historical trends, where Bitcoin tends to see diminishing returns after breaking past previous highs. Remember the 167% surge after breaking the 2017 high, followed by 49% after clearing $69,000? The next leg up could be a more modest 10-15%.

比特幣最近在二元期間達到了新的$ 123,100的新歷史高點，OnChain數據表明這次集會可能有一些腿。一個潛在的目標是巡迴賽？很酷的$ 138,000。這一投影與歷史趨勢保持一致，在該趨勢中，比特幣往往會看到過去高高的回報率降低。還記得打破2017年高點後的167％激增，其次是49％，在清算了69,000美元之後？下一條腿可能更適中10-15％。

Spot ETF Inflows: A Bullish Signal?

斑點ETF流入：看漲信號？

Spot Bitcoin ETFs are sending strong buy signals, with a recent $1.18 billion single-day inflow. This surge suggests a structural shift in market momentum, hinting at sustained price action. Ecoinometrics even notes that the current ETF flow regime behaves as a "strong buy" signal, lending even more weight to the uptrend.

現貨比特幣ETF正在發送強買信號，最近有11.8億美元的單日流入。這種激增表明，市場動力發生了結構性轉變，暗示了持續的價格行動。生態計量學甚至指出，當前的ETF流動方式表現為“強購買”信號，使上升趨勢更大。

The Four-Year Cycle: Still Alive and Kicking?

四年周期：還活著踢嗎？

Despite the influx of institutional money, some experts believe the traditional four-year Bitcoin market cycle isn't dead. Xapo Bank CEO Seamus Rocca warns that a prolonged bear market is still a real possibility. Even without a major cataclysm, a simple slowdown in news or routine portfolio rebalancing could trigger a downturn. As Aleksandar Svetski puts it, "Human psychology will never change. Cycles have nothing to do with Bitcoin and everything to do with people."

What the Charts Say

圖表怎麼說

The Coinbase Premium Index, which reflects the price difference between Coinbase and Binance, is currently above zero for the longest stretch in this bull cycle. This indicates prolonged buying pressure from US institutions and retail investors, suggesting continued demand is supporting price discovery.

Coinbase Premium指數反映了Coinbase和Binance之間的價格差異，目前在該牛週期中最長的時間範圍高於零。這表明從美國機構和散戶投資者那裡延長了購買壓力，這表明持續需求在支持價格發現。

Navigating the Crypto Rollercoaster

導航加密過山車

So, what does all this mean? Bitcoin charts look promising, with potential for further gains towards that $138K mark. Strong ETF inflows and sustained buying pressure are certainly positive signs. But don't get too comfy – the market cycle might still have a few tricks up its sleeve. Remember, investing in crypto is a wild ride, so buckle up and enjoy the show!

那麼，這意味著什麼？比特幣圖表看起來很有希望，有可能進一步獲得13.8萬美元的成績。強大的ETF流入和持續的購買壓力無疑是積極的跡象。但是不要太舒適了 - 市場週期可能仍然有一些技巧。請記住，投資加密是一次瘋狂的旅程，所以搭扣並享受節目！

儘管機構資金大量湧入，但一些專家認為傳統的四年比特幣市場週期並沒有死。 Xapo Bank首席執行官Seamus Rocca警告說，延長熊市仍然是一個真正的可能性。即使沒有大災難，新聞或常規投資組合的簡單放緩也可能引發經濟下滑。正如Aleksandar Svetski所說：“人類心理永遠不會改變。週期與比特幣無關，與人有關。”圖表說的是Coinbase Premium指數，反映了Coinbase和Binance之間的價格差異，目前在該公牛週期中最長的時間範圍都高於零。這表明從美國機構和散戶投資者那裡延長了購買壓力，這表明持續需求在支持價格發現。導航加密過山車，所以這意味著什麼？比特幣圖表看起來很有希望，有可能進一步獲得13.8萬美元的成績。強大的ETF流入和持續的購買壓力無疑是積極的跡象。但是不要太舒適了 - 市場週期可能仍然有一些技巧。請記住，投資加密是一次瘋狂的旅程，所以搭扣並享受節目！