隨著山寨幣進入高揮發性階段，比特幣的售價高於$ 103K

隨著整個加密貨幣市場進入一個高揮發性階段，比特幣（BTC）處於關鍵水平上

The cryptocurrency market is entering a high-volatility phase with renewed optimism and strong momentum, especially for Bitcoin (BTC). As the leading cryptocurrency consolidates at critical levels, market participants are keenly interested in whether it will break above its all-time highs or face another rejection. Both scenarios could trigger significant ripple effects across the altcoin space.

加密貨幣市場正在以新的樂觀和強大的勢頭進入高揮發性階段，尤其是對於比特幣（BTC）。由於領先的加密貨幣在關鍵水平上鞏固，市場參與者對它是否會超越其歷史最高點或面臨其他拒絕感興趣。兩種情況都可能觸發整個Altcoin空間的顯著連鎖反應。

This transition phase will be defined by a key indicator: the Bitcoin Market Performance & Altcoin Spread, closely followed by top analyst Axel Adler. This proprietary metric from CryptoQuant measures relative performance and momentum across major assets like ETH and SOL compared to BTC. A reading above 50% is viewed as confirming that an altseason has begun, shifting capital flows from Bitcoin to altcoins.

這個過渡階段將由一個關鍵指標定義：比特幣市場性能和Altcoin差異，緊隨其後的是頂級分析師Axel Adler。與BTC相比，該主要資產等主要資產等主要資產的相對績效和動量的衡量標準與BTC相比。高於50％的讀數被認為確認了Altseason已經開始，將資本流量從比特幣轉移到了Altcoins。

According to Adler, this indicator is now at 38%, just 12 percentage points away from the decisive signal. As visualized in the chart below, green dots on the oscillator highlight historical instances where the 30-day moving average of the indicator crossed the 50% line, marking the beginning of an altseason.

根據阿德勒（Adler）的說法，該指標現在為38％，距離決定性信號僅12個百分點。如下圖所示，振盪器上的綠點突出了歷史實例，其中指標的30天移動平均線越過了50％的線，標誌著Altseason的開始。

If this key level is reached, it would indicate that capital is rotating out of Bitcoin and into altcoins at an overwhelming rate, setting the stage for a broader risk-on environment.

如果達到此關鍵水平，則表明資本以壓倒性的速度從比特幣中旋轉到山寨幣中，為更廣泛的風險環境奠定了基礎。

Bitcoin Price Analysis: BTC Consolidates Below Key Resistance

比特幣價格分析：BTC在關鍵阻力以下合併

The weekly chart for Bitcoin shows that the price is currently consolidating just below the all-time high zone after failing to break cleanly above it. BTC reached a high of $105,706 before pulling back and closing the weekly candle around $103,850. This level marks a critical resistance area, historically significant from January’s peak, and now acting as a short-term ceiling for bullish continuation.

比特幣的每週圖表表明，該價格目前在未能乾淨地超過其上方後，剛好在歷史最高區域以下。 BTC達到了105,706美元的高價，然後退後並關閉每週蠟燭約103,850美元。該水平標誌著一個關鍵的阻力區域，從一月份的山峰開始就具有歷史意義，現在是看漲延續的短期上限。

Despite the rejection from highs, the structure remains bullish. BTC is holding well above the psychological $100,000 level and key moving averages. The 200-week SMA sits far below at $47,375, and the 200-week EMA at $52,457, both indicating a strong long-term uptrend is intact.

儘管拒絕了高點，但該結構仍然是看好的。 BTC遠高於心理$ 100,000的水平和關鍵的移動平均水平。 200週的SMA遠低於47,375美元，200週EMA為52,457美元，都表明長期上升的強勁上升趨勢是完整的。

Volume over recent weeks confirms rising participation, supporting the idea of growing interest as Bitcoin approaches price discovery once again. The key now is whether bulls can reclaim the $105K level on a weekly closing basis, which would open the door for a breakout toward $109K and beyond.

最近幾週的數量證實了參與的不斷增長，隨著比特幣再次發現價格發現的興趣的想法。現在的關鍵是，公牛是否可以每週結束時收回105,000美元的水平，這將為$ 109K及以後的售價打開大門。

If the price fails to hold above $100K in the coming sessions, a deeper retrace could test lower support zones around $96K–$94K. Still, the momentum is bullish, and the weekly close above $103K keeps the rally alive.

如果價格在即將到來的會議上未能持有超過$ 10萬美元，則更深層次的回溯可以測試較低的支撐區，約為$ 96K- $ 9.4K。儘管如此，這種勢頭還是看好的，每週的收盤價超過$ 103K，還保持了集會的活力。