比特幣價格搖擺：選項分析指出，儘管下降了

比特幣的價格下跌，但期權分析表明，長期趨勢仍然看漲。關鍵支持水平和市場勢頭至關重要。

Bitcoin Price Wobbles: Options Analysis Points to Bullish Undercurrent Despite Dip

比特幣價格搖擺：選項分析指出，儘管下降了

Bitcoin's recent pullback from the $118K range to the $113K level has some investors on edge. However, a deeper look at options data and key technical indicators suggests that the overall bullish trend may still be intact. Let's dive into the factors influencing Bitcoin's price and what the experts are saying.

比特幣最近從$ 118K範圍降至11.3萬美元的回調，有些投資者處於邊緣狀態。但是，更深入地查看選項數據和關鍵技術指標表明，整體看漲趨勢可能仍然完好無損。讓我們研究影響比特幣價格的因素以及專家在說什麼。

Key Support Levels and Market Momentum

關鍵支持水平和市場勢頭

Despite the short-term weakness, Bitcoin is still trading well above its 200-day Simple Moving Average (SMA), a key indicator of long-term uptrends. The recent dip broke below the $115K–$116K support zone, but analysts are eyeing crucial support levels that could signal a continuation of the bullish trend.

儘管短期疲軟，但比特幣仍遠高於其200天簡單移動平均線（SMA），這是長期上升趨勢的關鍵指標。最近的下降幅度低於$ 115K - $ 116K的支持區，但分析師正在關注關鍵的支持水平，這可能表明看漲趨勢的延續。

According to cryptocurrency analyst Axel Adler, the $112,000 level is currently a critical support area. A break below this level could lead to the price testing $110,000, with $108,000 acting as psychological support. Adler also notes that a decline in 30-day momentum to 3% indicates a weakening uptrend, while a rebound above 8–10% could signal buyers re-entering the market.

根據加密貨幣分析師Axel Adler的說法，$ 112,000的水平目前是關鍵的支持領域。低於此水平的休息可能會導致價格測試$ 110,000，108,000美元作為心理支持。阿德勒還指出，30天的勢頭下降至3％，這表明上升趨勢趨勢，而超過8-10％的反彈可能會向買家重新進入市場。

Options Market Insights: Bearish Positions Weakening?

期權市場見解：看跌姿勢削弱？

Adler's analysis of the Bitcoin options market reveals interesting insights. The Maximum Loss price for the August 8, 2025, expiration date is at $118,000, which could act as a magnet for price action as we approach that date. More importantly, the sharp decline in option selling volume at levels above $110,000 suggests that bearish positions are weakening. This could indicate a shift in sentiment and a potential for upward price movement.

阿德勒對比特幣期權市場的分析揭示了有趣的見解。 2025年8月8日到期日期的最高損失價格為$ 118,000，當我們接近那個日期時，這可以用作價格動作的磁鐵。更重要的是，期權銷售量的急劇下降以高於110,000美元的水平表明看跌頭寸正在減弱。這可能表明情緒的轉變和向上價格變動的潛力。

Bullish vs. Bearish Scenarios: What to Watch For

看漲與看跌的情況：值得注意的

While the long-term trend remains bullish, it's crucial to consider both bull and bear scenarios. Key buy zones to watch include the $112,000 – $111,000 zone (a confluence of the 50-SMA and recent structure) and the $100,000 – $99,280 zone (strong psychological and structural support backed by the 200-SMA). An extreme bear scenario could see Bitcoin dropping to $75,000, representing a 35% drawdown from the recent top.

儘管長期趨勢仍然看漲，但考慮牛和熊情景至關重要。要觀看的鑰匙購買區包括$ 112,000 - $ 111,000的區域（50-SMA和最近的結構的匯合）以及100,000美元 - $ 99,280區（由200-SMA支持的強大心理和結構支持）。極端的熊情況可能會使比特幣降至75,000美元，這是最近頂級的35％的縮水。

External Factors and Institutional Activity

外部因素和機構活動

External risks, such as weak employment data and rising trade tariffs, have played a role in the recent market correction. However, major companies like Coinbase and Tether, along with institutional strategy funds, have made significant Bitcoin purchases, indicating continued confidence in the cryptocurrency's long-term potential. Coin outflows from exchanges also continue, suggesting that investors are moving their Bitcoin into long-term storage.

外部風險，例如較弱的就業數據和貿易稅率上升，在最近的市場糾正中發揮了作用。但是，像Coinbase和Tether這樣的主要公司以及機構戰略基金都進行了大量的比特幣購買，表明對加密貨幣的長期潛力的持續信心。交易所的硬幣流出也在繼續，這表明投資者正在將其比特幣轉移到長期存儲中。

The Bottom Line: Stay Calm and Hodl On?

最重要的是：保持冷靜和hodl？

Bitcoin's price may be experiencing some turbulence, but the underlying fundamentals remain strong. Options analysis suggests that bearish positions are weakening, and key support levels are holding. As long as Bitcoin stays above the $112,000 – $111,000 zone, the bullish trend is likely to continue. So, take a deep breath, keep an eye on those charts, and remember: in the world of crypto, a little volatility is just part of the fun!

比特幣的價格可能會經歷一些動盪，但基本的基本面仍然很強。選項分析表明，看跌的位置正在減弱，關鍵支持水平正在保持。只要比特幣停留在112,000美元至111,000美元的區域以上，看漲的趨勢很可能會持續下去。因此，深吸一口氣，密切關注這些圖表，並記住：在加密世界中，一點波動只是樂趣的一部分！