比特幣合併剛低於其歷史最高$ 112,000

比特幣的合併剛好低於其歷史最高112,000美元，隨著跨越更廣泛的加密市場的發展，保持看漲的結構。

Bitcoin (BTC) price is consolidating just below the $110,000 mark on Thursday, holding firm after an aggressive rally brought it close to the $112,000 all-time high (ATH).

比特幣（BTC）的價格在周四的110,000美元不足之下，在積極的集會使其接近112,000美元的歷史最高水平（ATH）之後。

Despite the pause in upside momentum, bulls appear to be in control as both the daily and weekly charts show a well-defined uptrend structure, with higher highs and higher lows continuing to build. This consolidation phase appears to be a healthy cooldown as many technical indicators suggest that the crypto juggernaut is setting itself up for the next major move.

儘管上升勢頭停頓，但公牛似乎仍處於控制狀態，因為每日和每週圖表都顯示出明確的上升趨勢結構，高高和較高的低點仍在繼續建造。這個合併階段似乎是一種健康的冷卻階段，因為許多技術指標都表明，加密製制制款正在為下一個重大舉措設置自己。

As capital begins to return to the crypto market, with many analysts calling for an expansive summer, the narrative around Bitcoin is shifting. Not only does it show technical resilience, but also compelling on-chain data that fuels the sentiment shift.

隨著資本開始重返加密貨幣市場，許多分析師呼籲度過一個寬敞的夏季，圍繞比特幣的敘述正在發生變化。它不僅顯示出技術的彈性，而且還顯示出促進情感轉變的鏈上數據。

According to insights from Alphractal, Long-Term Holders (LTHs)—those holding BTC for more than six months—are not distributing their coins but rather continue to accumulate. In fact, the supply held by LTHs is steadily increasing, a sign of deep conviction and reduces liquid supply in the market.

根據Alphractal的見解，長期持有人（LTHS）（持有BTC的持有BTC超過六個月）並沒有分發其硬幣，而是繼續積累。實際上，LTHS持有的供應正在穩步增長，這是堅定信念的標誌並減少了市場上的液體供應。

This behavior from experienced holders, who typically act with a longer-term vision, further reinforces the bullish thesis. When LTHs are not selling into strength, it often sets the foundation for sustainable rallies.

經驗豐富的持有人的這種行為通常具有長期的視野，進一步加強了看漲論文。當lths不銷售力量時，它通常為可持續集會奠定了基礎。

With a strong technical base, rising interest from institutions, and Long-Term Holders tightening the supply vise, Bitcoin appears to be setting the stage for a powerful summer ahead.

憑藉強大的技術基礎，機構的興趣不斷提高以及長期持有人收緊了供應麵包，比特幣似乎為一個強大的夏天奠定了基礎。

Bitcoin Consolidates As Market Dynamics Shift

比特幣隨著市場動態變化而鞏固

Bitcoin is currently trading at $109,863, holding firm just below the $110,000 mark. The price action remains bullish, with BTC consolidating in a tight range after a powerful breakout above the $103,600 resistance zone, which is now acting as key support.

比特幣目前的交易價格為109,863美元，持有公司低於110,000美元的公司。價格動作仍然看漲，在超過103,600美元的電阻區的強大突破之後，BTC鞏固了範圍，現在它是主要的支持。

This consolidation appears healthy and controlled, as buyers continue to defend higher lows. The 34-day EMA is also rising steadily, confirming strong short- to mid-term momentum, currently at $101,928.

隨著買家繼續捍衛更高的低點，這種整合似乎是健康和受控的。 34天EMA也穩步上升，證實了強勁的短期到中期勢頭，目前為101,928美元。

At the same time, BTC is comfortably above the 50, 100, and 200-day SMAs, which are now all aligned to the upside—a classic signal of trend strength. Volume has slightly decreased during this phase, which is typical for consolidation after a breakout.

同時，BTC舒適地超過了50、100和200天的SMA，這些SMA現在都符合到上升方案 - 趨勢強度的經典信號。在此階段，體積略有下降，這是突破後固結的典型特徵。

This price behavior suggests that bulls are not exhausted but rather preparing for the next leg up. A daily close above $112K with volume confirmation would likely push BTC into price discovery, with potential upside targets around $120K to $125K.

這種價格行為表明，公牛沒有用盡，而是為下一條腿做準備。每天收盤超過$ 112K，並確認數量，可能會將BTC推向價格發現，潛在的上行目標約為12萬美元至125,000美元。

Until then, the $103,600–$105,000 zone remains the critical area to hold. As long as BTC stays above this region and maintains its higher structure, the broader uptrend remains intact, and the bullish outlook is unchanged.

在此之前，$ 103,600- $ 105,000的區域仍然是要持有的關鍵區域。只要BTC停留在該地區並保持其較高的結構，更廣泛的上升趨勢仍然完好無損，看漲的前景沒有改變。