比特幣價格面臨壓力：空頭佔據主導地位，比特幣分析

比特幣價格面臨看跌壓力，測試關鍵支撐位。技術分析揭示了空頭奪取控制權時潛在的下行風險。

Bitcoin Price Under Pressure: Bears Take Control, BTC Analysis

比特幣價格面臨壓力：空頭佔據主導地位，比特幣分析

Bitcoin's recent struggles have put the bears firmly in control, with the price facing significant headwinds. The cryptocurrency is currently navigating critical support levels, and technical indicators suggest further downside potential. Let's dive into what's driving this bearish sentiment and what to watch for.

比特幣最近的掙扎讓空頭牢牢控制住了比特幣，價格面臨著巨大的阻力。該加密貨幣目前正處於關鍵支撐位，技術指標表明還有進一步下行的潛力。讓我們深入探討是什麼推動了這種看跌情緒以及需要注意什麼。

Technical Breakdown: Bears in Charge

技術分析：空頭主導

After failing to sustain above the $116,000 resistance, Bitcoin's price has taken a sharp turn. The break below $110,000, a level that previously acted as a strong base for buyers, signals a loss of bullish momentum. Currently trading below $109,000, BTC is at risk of testing lower support zones.

在未能維持在 116,000 美元阻力位上方之後，比特幣的價格發生了急劇轉變。跌破 110,000 美元（該水平此前是買家的堅實基礎），標誌著看漲勢頭的喪失。目前交易價格低於 109,000 美元，BTC 面臨測試較低支撐區域的風險。

The 4-hour and daily charts reveal a rejection from the $116,000 resistance, accompanied by a decline in trading volume, often a precursor to a trend reversal. The formation of a descending channel suggests further downside continuation unless Bitcoin can swiftly reclaim lost ground.

4 小時圖和日線圖顯示，116,000 美元阻力位遭到拒絕，並伴隨著交易量下降，這通常是趨勢逆轉的先兆。下降通道的形成表明，除非比特幣能夠迅速收復失地，否則下行趨勢將進一步延續。

Key Levels to Watch

值得關注的關鍵水平

• $110,000: Failing to reclaim this level on a daily close increases the likelihood of retesting $104,000–$100,000.
• $104,000–$100,000: A break below $108,000 could extend the decline toward these levels.
• $112,500: A strong bounce reclaiming $110,000, followed by a close above this, could neutralize the bearish structure.

On-Chain Data and Market Sentiment

鏈上數據和市場情緒

On-chain data indicates a slight cooling in accumulation activity, with whale wallet inflows to exchanges rising modestly. Derivative funding rates are neutral, suggesting traders aren't overly leveraged. Overall sentiment is cautiously bearish, with eyes on the $100,000 liquidity zone, aligning with Bitcoin’s long-term ascending trendline from mid-2024.

鏈上數據顯示，積累活動略有降溫，交易所的鯨魚錢包流入量小幅上升。衍生品融資利率呈中性，表明交易者並未過度槓桿化。總體情緒謹慎看跌，關注 10 萬美元流動性區域，與 2024 年中期以來比特幣的長期上升趨勢線保持一致。

Potential Scenarios

潛在場景

• Bearish Scenario: Continued selling pressure below $108,000 could drive Bitcoin toward $104,000, with a break below exposing $100,000–$95,000.
• Bullish Reversal Scenario: A reclaim of $110,000, followed by a close above $112,500, could neutralize the bearish structure and potentially lead to another push toward $116,000–$120,000.
• Neutral/Range-Bound Setup: Bitcoin could consolidate between $104,000 and $111,000, especially if macro data or ETF flows remain quiet.

The Gold Connection

黃金連接

Interestingly, Bitcoin's movements seem intertwined with gold. Historically, when gold rallies, Bitcoin tends to consolidate, and vice versa. With gold recently breaking records, Bitcoin's rally has been subdued. However, some analysts believe that once gold's rise cools off, Bitcoin could resume its upward trajectory, potentially targeting new all-time highs. This rotation between the two assets could provide valuable insights into Bitcoin's next move.

有趣的是，比特幣的走勢似乎與黃金交織在一起。從歷史上看，當黃金上漲時，比特幣往往會盤整，反之亦然。隨著黃金最近打破紀錄，比特幣的漲勢受到抑制。然而，一些分析師認為，一旦金價的漲勢降溫，比特幣可能會恢復上行軌跡，並有可能創下歷史新高。這兩種資產之間的輪換可以為比特幣的下一步走勢提供有價值的見解。

Final Thoughts: Navigating the Bearish Phase

最後的想法：度過看跌階段

Bitcoin's break below $110,000 has handed temporary control to the bears. Technicals suggest a cooling phase that could see BTC revisit deeper supports around $104,000–$100,000 before buyers resurface. However, the broader uptrend remains intact as long as Bitcoin holds above its $95,000 macro support.

比特幣跌破 11 萬美元，暫時將控制權交給了空頭。技術面顯示，在買家重新出現之前，比特幣可能會進入冷卻階段，重新回到 104,000 美元至 100,000 美元左右的更深支撐位。然而，只要比特幣保持在 95,000 美元的宏觀支撐之上，更廣泛的上升趨勢就保持不變。

So, buckle up, crypto enthusiasts! It might be a bumpy ride in the short term, but remember, even the fiercest bears can't keep the digital gold down forever. Keep an eye on those key levels, and who knows, maybe we'll see a bullish resurgence sooner than we think!

所以，係好安全帶，加密貨幣愛好者！短期內這可能會是一段坎坷的旅程，但請記住，即使是最兇猛的空頭也無法永遠壓垮數字黃金。密切關注這些關鍵水平，誰知道呢，也許我們會比我們想像的更早看到看漲復甦！