比特幣期貨：看跌壓力與公牛控制 - 誰贏了？

比特幣在動蕩的市場中導航。期貨顯示看跌跡象，但BTC保持強勁。這是突破或更深層次的回調的前奏嗎？讓我們潛水。

Bitcoin Futures: Bearish Pressure vs. Bulls Control – Who's Winning?

比特幣期貨：看跌壓力與公牛控制 - 誰贏了？

Bitcoin's recent dance around the $104,000 mark has everyone on the edge of their seats. Futures markets are hinting at bearish sentiment, but Bitcoin's resilience near all-time highs begs the question: who really controls the market right now?

比特幣最近在104,000美元的大關上的舞蹈使每個人都坐在座位的邊緣。期貨市場暗示了看跌的情緒，但是比特幣的彈性在有史以來的高潮中引出了一個問題：誰現在真正控制了市場？

Decoding the Futures Market: A Bearish Whisper?

解碼期貨市場：看跌耳語？

The latest data from CryptoQuant, as of June 18, reveals a Futures Market Power of –93K. Now, that might sound like financial jargon, but what it basically means is that there's a moderate lean towards bearish positions. However, and this is a big however, it's not the kind of aggressive selling pressure that would typically send shivers down a HODLer's spine.

截至6月18日，CryptoQuant的最新數據揭示了–93K的期貨市場能力。現在，這聽起來像是金融術語，但基本上意味著對看跌位置有一個溫和的傾向。但是，這很大，但是，這並不是一種積極的銷售壓力，通常會使霍德勒的脊椎發抖。

Historical Context: Been There, Done That

歷史背景：去過那裡，做到了

Looking back at similar bearish blips in January, April, and July 2024, we see that dips in the –50K to –150K range only led to minor corrections of about 5–10%. This suggests that the current market setup might be more about cautious optimism than a full-blown bearish takeover. Bitcoin's holding its ground, even with geopolitical tensions adding extra spice to the mix.

回顧2024年1月，4月和7月的類似看跌碎片，我們看到–50k至–150k的範圍下降，只會導致大約5-10％的較小糾正。這表明當前的市場設置可能更多地是關於謹慎的樂觀情緒，而不是全次看跌收購。即使在地緣政治緊張局勢的情況下，比特幣也佔據了自己的地面。

The $104K Line in the Sand

沙灘上的$ 104K線

Bitcoin's currently trading at a crucial demand level between $104K and $106K. This range is super important. The bulls are trying to defend this level. A break below $103,600 could spell trouble, potentially leading to a pullback towards the 100-day moving average near $95,000. On the flip side, if the bulls can muster the strength to push above $109,300, we could see Bitcoin enter price discovery mode once again.

比特幣目前的交易水平在$ 104K至10.6萬美元之間。這個範圍非常重要。公牛試圖捍衛這一水平。低於$ 103,600的休息時間可能會遇到麻煩，可能導致回調100天移動平均線接近95,000美元。另一方面，如果公牛可以提高力量以高於$ 109,300的力量，我們可以看到比特幣再次進入價格發現模式。

My Two Satoshis: Cautious Optimism Prevails

我的兩個satoshis：謹慎的樂觀情緒佔上風

Personally, I think Bitcoin's resilience is a testament to its growing maturity as an asset. While short-term volatility is inevitable, especially with the world in its current state, the underlying demand for Bitcoin remains strong. The fact that these bearish spikes in the futures market haven't triggered major sell-offs suggests that institutional and retail investors alike are playing the long game. As long as Bitcoin stays above this key demand zone and geopolitical tensions ease, we could be setting up for another leg up.

就個人而言，我認為比特幣的彈性證明了它作為資產的成熟度的日益成熟。儘管短期波動是不可避免的，尤其是在世界當前狀態下，對比特幣的潛在需求仍然很強勁。這些看跌期貨市場沒有引發主要拋售的事實表明，機構和零售投資者都在玩漫長的遊戲。只要比特幣停留在這個關鍵需求區域和地緣政治緊張局勢上方，我們就可以為另一個腿部設置。

So, What's Next?

那麼，下一步是什麼？

Keep an eye on that $104K level! If it holds, get ready for a potential breakout. If it breaks, well, buckle up for some more volatility. Either way, it's going to be an interesting ride. And hey, even if things get a little bumpy, remember why you got into Bitcoin in the first place: for the long-term potential to disrupt the financial system. Now, go forth and HODL (responsibly, of course)!

請密切關注$ 104K的水平！如果成立，請為潛在的突破做好準備。如果破裂，請搭扣，以增加一些波動。無論哪種方式，這都是一個有趣的旅程。嘿，即使事情變得有些顛簸，請記住為什麼您首先進入比特幣：為了破壞金融體系的長期潛力。現在，出去霍德（當然是負責任的）！