比特幣價格下跌：更正還是計算停頓？

比特幣達到新高點後會進行價格校正。這是暫時的回調還是更深入的市場調整跡象？分析最近波動率背後的關鍵因素。

Bitcoin Price Drop: Correction or Calculated Pause?

比特幣價格下跌：更正還是計算停頓？

Bitcoin's recent rollercoaster ride has everyone talking. After hitting a new euro all-time high on July 14, 2025, and flirting with $125,000, the cryptocurrency experienced a noticeable price correction. Was this a much-needed breather, or is there more to this dip than meets the eye?

比特幣最近的過山車騎行讓每個人都在談論。在2025年7月14日達到了新的歐元歷史最高點，並以125,000美元的價格調情后，加密貨幣進行了明顯的價格更正。這是急需的呼吸器，還是這種蘸醬比眼睛還要多？

The Euphoria and the Fall

欣快和秋天

Bitcoin had been on a tear, smashing records and creating a sense of euphoria. But as quickly as it rose, it stumbled. The price retreated from highs near $123,250 towards $117,200, leaving investors wondering if the party's over. Some analysts had predicted a correction, and this time, it didn't keep us waiting.

比特幣一直在流淚，砸碎記錄並創造出欣喜若狂的感覺。但是隨著升起的速度，它跌跌撞撞。價格從高處接近123,250美元撤退到117,200美元，使投資者想知道該黨是否結束。一些分析師已經預測了更正，這次並沒有讓我們等待。

Manipulation or Market Dynamics?

操縱還是市場動態？

Whispers of market manipulation are circulating. Material Indicators warned of a buy wall at $120.5k potentially luring in late buyers before a support test. Trader CrypNuevo echoed this sentiment, urging caution against potential pump-and-dump schemes. The next strong support level sits around $118,800, with a possible drop to $114,000–$115,000 if the pullback intensifies.

市場操縱的耳語正在流通。物料指標警告說，在支持測試之前，以120.5萬美元的價格誘使購買牆。 Trader Crypnuevo回應了這種情緒，敦促針對潛在的泵和降低計劃。下一個強大的支持水平約為118,800美元，如果回調增加，則可能降至114,000-115,000美元。

Technical Indicators: Mixed Signals

技術指標：混合信號

Technically, Bitcoin remains in a bullish setup, but the signals are ambiguous. The Relative Strength Index (RSI) stands at 75 on the 4-hour chart, often indicating overbought conditions. Conversely, the Average Directional Index (ADX) remains low at 12 on the daily, suggesting an immature trend. Joao Wedson from CryptoQuant notes growing tension, historically associated with parabolic rallies driven by leverage and FOMO.

從技術上講，比特幣仍處於看漲的設置中，但信號模棱兩可。相對強度指數（RSI）在4小時圖表上為75，通常表明條件過高。相反，平均方向指數（ADX）在每日12中保持較低，表明趨勢不成熟。來自CryptoQuant的Joao Wedson注意到越來越緊張的緊張感，歷史上與槓桿和FOMO驅動的拋物線派集會有關。

What's Next for Bitcoin?

比特幣的下一步是什麼？

The situation remains fluid. Bullish signals persist, but doubts about an imminent consolidation are growing. Investors like Robert Kiyosaki are cautiously buying, acknowledging the price surge while remaining mindful of the broader economic outlook. Keep an eye on a key White House report on crypto strategy and potential FED policy changes, which could significantly impact the market. Key resistance levels to watch are around $121,519, with targets at $127,798 and $135,425 if the price breaks through. Support sits at $117,109.

情況仍然是流暢的。看漲信號持續存在，但對即將合併的懷疑正在增長。像羅伯特·基亞薩基（Robert Kiyosaki）這樣的投資者謹慎地購買，承認價格上漲，同時還要注意更廣泛的經濟前景。密切關注白宮的關鍵報告，了解加密戰略和潛在的美聯儲政策變化，這可能會對市場產生重大影響。值得關注的關鍵阻力水平約為121,519美元，目標價格為$ 127,798，如果價格下跌，則為135,425美元。支持為$ 117,109。

My Take

我的看法

While technical indicators and market sentiments offer valuable insights, it's crucial to consider the broader context. The potential for increased regulation, coupled with the ever-present risk of economic uncertainty, adds layers of complexity. It's also worth noting the adjusted Spent Output Profit Ratio (aSOPR) sits at 1.03, which is well below the ratio in early July 2025. Even though bitcoin has reached new highs, Bitcoin holders seem more inclined to hold onto their assets rather than selling them for profit.

儘管技術指標和市場情感提供了寶貴的見解，但要考慮更廣泛的環境至關重要。加劇監管的潛力，再加上經濟不確定性的普遍風險，增加了複雜性的層面。還值得注意的是，調整後的支出利潤率（ASOPR）位於1.03，遠低於2025年7月初的比率。儘管比特幣已經達到了新的高點，但比特幣持有人似乎更傾向於持有資產，而不是賣給他們以獲利。

Final Thoughts

最後的想法

So, is this a temporary dip or the beginning of a bigger correction? Only time will tell. But one thing's for sure: the world is watching Bitcoin, and the next few weeks will be critical. Remember to buckle up, do your research, and maybe grab some popcorn—because this crypto ride is far from over!

那麼，這是暫時的傾斜還是更大的更正的開始？只有時間會證明。但是可以肯定的是：世界正在觀看比特幣，接下來的幾週將是至關重要的。請記住要係好，進行研究，也許會抓住一些爆米花 - 因為這種加密貨幣騎行還遠遠沒有結束！