比特幣進入牛市階段

比特幣正在進入這個週期的最後階段，因為它接近歷史高點並接近未知領域。這關鍵時刻具有重大意義

As Bitcoin approaches all-time highs, close observers are anticipating a pivotal moment in this market cycle. This week holds great significance not because of the upcoming U.S. election or the Federal Reserve’s pending interest rate decision, but due to BTC's imminent entry into uncharted territory.

隨著比特幣接近歷史新高，密切觀察者預計這一市場週期的關鍵時刻將到來。本週具有重要意義，不是因為即將到來的美國大選或聯準會懸而未決的利率決定，而是因為比特幣即將進入未知領域。

If BTC crosses this milestone, it will enter a “price discovery” mode, potentially setting off a massive rally across the entire crypto market.

如果比特幣跨越這一里程碑，它將進入「價格發現」模式，可能會引發整個加密貨幣市場的大規模反彈。

This bullish anticipation is supported by data from CryptoQuant analyst Maartunn, who highlights that Bitcoin Long-Term Holders sold an impressive 177,617 BTC in the last seven days. This metric tracks the movement of older BTC, usually held by investors with a long-term perspective.

CryptoQuant 分析師 Maartunn 的數據支持了這種看漲預期，他強調比特幣長期持有者在過去 7 天內售出了令人印象深刻的 177,617 BTC。該指標追蹤較舊的比特幣的走勢，這些比特幣通常由具有長期眼光的投資者持有。

This wave of selling from seasoned holders often signals a bullish phase, indicating that they're taking profits ahead of a potential market shift. This positioning aligns with BTC's momentum near its peak, suggesting that many see current prices as ideal to lock in gains, possibly making room for fresh buyers and new demand.

經驗豐富的持有者的這一波拋售通常預示著看漲階段，表明他們在潛在的市場轉變之前獲利了結。這一定位與比特幣接近高峰的勢頭一致，表明許多人認為當前價格是鎖定收益的理想選擇，可能為新買家和新需求騰出空間。

With BTC so close to all-time highs, any upward breakout could shift the entire market's sentiment and initiate a substantial bullish rally, marking this week as a critical period for BTC and the broader crypto landscape.

由於比特幣如此接近歷史高點，任何向上突破都可能改變整個市場的情緒並引發大幅看漲反彈，這標誌著本周是比特幣和更廣泛的加密貨幣格局的關鍵時期。

Bitcoin Entering The Bull Run Phase

比特幣進入牛市階段

As Bitcoin approaches all-time highs and enters the final phase of this cycle, this pivotal moment has drawn the attention of analysts and investors in the crypto market.

隨著比特幣逼近歷史高點並進入本週期的最後階段，這一關鍵時刻引起了加密市場分析師和投資者的注意。

Recently, CryptoQuant analyst Maartunn shared the Balance Change by Time Held chart, revealing that BTC Long-Term Holders (LTH) sold 177,617 BTC in the last seven days. This chart tracks the movement of older BTC, typically owned by investors with a long-term perspective.

最近，CryptoQuant 分析師 Maartunn 分享了按持有時間劃分的餘額變化圖表，顯示 BTC 長期持有者（LTH）在過去 7 天內出售了 177,617 BTC。該圖表追蹤了較舊的比特幣的走勢，這些比特幣通常由具有長遠眼光的投資者持有。

Compared to short-term speculators, Long-Term Holders are less affected by market volatility. Their activity often serves as a contrarian indicator. They tend to buy and increase their holdings during price dips and sell when prices surge. As BTC's price rose over the past few days, there has been a noticeable uptick in LTH distribution, signaling a potential shift in sentiment among these seasoned investors.

與短期投機者相比，長期持有者受市場波動的影響較小。他們的活動通常可以作為反向指標。他們傾向於在價格下跌時買入並增持，在價格上漲時賣出。隨著過去幾天 BTC 價格的上漲，LTH 分佈也明顯上升，這表明這些經驗豐富的投資者的情緒可能會轉變。

This activity aligns with patterns observed during previous bull runs in 2018, 2021, and 2024, where LTH activity played a crucial role in price movements. The current surge in BTC’s price and increased selling from LTHs suggest that these investors might be taking profits ahead of a potential breakout, reflecting their confidence in the market’s trajectory.

這項活動與 2018 年、2021 年和 2024 年之前牛市期間觀察到的模式一致，其中 LTH 活動在價格走勢中發揮了至關重要的作用。目前比特幣價格的飆升和 LTH 拋售的增加表明，這些投資者可能會在潛在突破之前獲利了結，這反映出他們對市場軌蹟的信心。

As Bitcoin approaches its all-time highs, the dynamics between Long-Term Holders and the broader market will be crucial in determining whether it can sustain momentum and enter a new price discovery phase. This week could set the tone for the future of Bitcoin and the entire cryptocurrency market.

隨著比特幣接近歷史高點，長期持有者與更廣泛市場之間的動態對於決定是否能夠維持勢頭並進入新的價格發現階段至關重要。本周可能為比特幣和整個加密貨幣市場的未來定下基調。

BTC Nears ATH After Dipping Yesterday, BTC trades above the $68,000 mark. As it hovers just below $69,000, market participants closely follow the unfolding events surrounding the US election.

BTC 在下跌後接近 ATH 昨天，BTC 交易價格高於 68,000 美元大關。由於其徘徊在略低於 69,000 美元的水平，市場參與者密切關注圍繞美國大選的事件。

For bulls to regain momentum and steer towards a bullish trajectory, BTC must breach the $70,000 resistance in the coming days and set its sights on its all-time highs.

為了讓多頭重獲動力並走向看漲軌跡，BTC 必須在未來幾天突破 7 萬美元的阻力位，並將目光瞄準歷史高點。

However, the volatile nature of the market and the uncertainty surrounding economic factors could lead to price movements that might push BTC lower. If such a scenario unfolds, a key support level to watch for is the $66,500 mark, a critical demand zone that upholds the bullish price structure. Maintaining support above this level is essential for sustaining the upward momentum and avoiding a deeper correction.

然而，市場的波動性和經濟因素的不確定性可能會導致價格波動，進而推低比特幣價格。如果發生這種情況，需要關注的關鍵支撐位是 66,500 美元大關，這是支撐看漲價格結構的關鍵需求區域。維持該水平上方的支撐對於維持上行勢頭並避免更深層的調整至關重要。

As the market awaits the election results, traders remain cautious, with price action likely influenced by the political landscape and broader economic sentiment. The coming days will be pivotal for Bitcoin as it seeks to establish a firm foundation to drive further gains and possibly enter a new price discovery phase.

在市場等待選舉結果之際，交易員保持謹慎，價格走勢可能受到政治格局和更廣泛的經濟情緒的影響。未來幾天對比特幣來說至關重要，因為它尋求建立堅實的基礎來推動進一步上漲，並可能進入新的價格發現階段。