比特幣以$ 105,706的價格達到了抵抗，在進入側向合併之前略低於其歷史最高水平

回調改變了加密貨幣周圍的普遍情緒，導致用戶（尤其是零售商人）之間的猶豫不決。

Bitcoin met resistance at $105,706, slightly below its all-time high, before entering a sideways consolidation. The pullback altered the prevailing sentiments around the cryptocurrency, leading to indecision among users, especially retail traders.

在進入側向合併之前，比特幣的阻力為105,706美元，略低於其歷史最高水平。回調改變了加密貨幣周圍的普遍情緒，導致用戶（尤其是零售商人）之間的猶豫不決。

A close observation reveals massive sell orders just below Bitcoin’s all-time high, triggering curiosity among traders who became inquisitive about why such "sell walls" appear and their implications for the cryptocurrency’s future.

仔細觀察表明，大量的賣出訂單剛好低於比特幣的歷史最高水平，引發了對為什麼出現這種“賣牆”及其對加密貨幣未來的影響而變得好奇的交易者的好奇心。

What Are These Bitcoin Sell Walls and Why Do They Appear?

這些比特幣是什麼賣牆，為什麼出現？

For context, crypto traders describe sell walls as massive orders to sell a digital asset, in this case Bitcoin, concentrated around a specific price region. These walls often emerge after the BTC price has made a strong rally, signaling that institutional traders or large holders, often called crypto whales, might be looking to take profits.

在上下文中，加密貨幣交易者將出售牆壁描述為出售數字資產的大規模訂單，在這種情況下，比特幣集中在特定的價格區域周圍。在BTC價格進行了強烈的集會之後，這些牆通常會出現，這表明機構交易員或大型持有人（通常稱為加密鯨魚）可能正在尋求獲利。

Retail traders often identify sell walls by reviewing order books on notable exchanges, using them as trading guides and pointers to what may come. The latest Bitcoin market condition highlights the typical effect of such scenarios, considering the digital asset’s recent price consolidation and consequent sideways movement.

零售交易者經常通過審查有關著名交易所的訂單書來識別賣牆，並將其用作交易指南和指針。考慮到數字資產最近的價格合併以及隨之而來的側向運動，最新的比特幣市場條件突出了這種情況的典型效果。

Related: Bitcoin Tests All-Time High: Analysts Predict Potential Pullback and Consolidation

相關：比特幣測試歷史高：分析師預測潛在的撤回和合併

Retail Response: Learning from Historical Sell Wall Patterns

零售回應：從歷史賣牆模式中學習

Although retail traders may not understand why institutional traders choose their sell targets, historical trends display a consistent pattern. Such patterns that form over the years inform retailers’ trading decisions, influencing how they approach the market during such periods.

儘管零售交易者可能不了解機構交易者為什麼選擇其賣出目標，但歷史趨勢表現出一致的模式。多年來形成的這種模式為零售商的貿易決策提供了信息，從而影響了它們在此期間如何接近市場的方式。

For instance, some traders believe crypto whales install sell walls deliberately to push the price down further during bull runs. Such whales may be intentional because they want to buy more assets at lower rates after the price drops. Others may prefer to cash in on their trades and conclude a trading phase.

例如，一些交易者認為加密鯨魚安裝賣牆有意故意在公牛運行期間進一步降低價格。這樣的鯨魚可能是故意的，因為他們想在價格下跌後以較低的價格購買更多資產。其他人可能更喜歡從交易中兌現並結束交易階段。

Sell Walls Near Bitcoin’s ATH: A Clear Signal for Crypto Traders

出售比特幣ATH附近的牆：加密交易者的明確信號

No matter their intentions, the effect of the massive sell orders and their historic patterns provides crucial information for traders. As mentioned, they occur around crucial levels, like notable resistance and all-time highs.

無論他們的意圖如何，大規模賣出訂單及其歷史模式的影響為交易者提供了重要的信息。如前所述，它們發生在關鍵水平上，例如著名的阻力和歷史最高水平。

So, for seasoned digital asset traders, seeing sell walls forming near Bitcoin’s ATH isn’t necessarily a surprise. Instead, it’s a clear signal to adjust their strategies, watch the Bitcoin market very closely, and make carefully considered decisions to protect their investments while still aiming for profits during this period of price consolidation.

因此，對於經驗豐富的數字資產交易者來說，看到比特幣ATH附近形成的牆壁的賣牆並不一定令人驚訝。取而代之的是，調整他們的策略，非常密切關注比特幣市場，並仔細考慮保護其投資的決策是一個明顯的信號，同時在此價格合併期間仍致力於利潤。

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本文提供的信息僅用於信息和教育目的。本文不構成任何形式的財務建議或建議。由於提到的內容，產品或服務的利用，Coin Edition對任何損失概不負責。建議讀者在採取與公司相關的任何行動之前謹慎行事。