比特幣達到$ 108,000，在其歷史最高遠處達到了驚人的距離

幾個小時前，比特幣達到了108,000美元的水平，在其歷史最高遠處以109,000美元的高度距離。公牛繼續表現出力量

Bitcoin (BTC) nearly touched the $108,000 mark just a few hours ago, coming within striking distance of its all-time high (ATH) at $109,000. While bulls have shown strength and managed to maintain some momentum, the market has yet to deliver a clear breakout into price discovery. The resistance at the ATH remains a critical barrier that must be breached for BTC to confirm a new rally phase and launch into a sustained impulsive move.

幾個小時前，比特幣（BTC）幾乎觸及了108,000美元的大關，在其歷史最高高（ATH）的驚人距離之內，為109,000美元。儘管公牛已經表現出力量並設法保持了一定的動力，但市場尚未在價格發現中引起明顯的突破。 ATH的阻力仍然是一個關鍵的障礙，必須違反BTC確認新的集會階段並發動持續的衝動行動。

Investor sentiment is mixed as volatility narrows and price action tightens, suggesting a decisive move is nearing. According to new insights from CryptoQuant, compression is building up again on the daily timeframe, marking the third instance of such a setup in this current bull cycle. Historically, similar compressions have preceded major breakouts, signaling that the market may be preparing for another explosive leg higher.

投資者情緒混合在一起，隨著波動範圍的變化和價格行動的收緊，這表明果斷的舉動即將來臨。根據CryptoQuant的新見解，Compression再次在每日時間範圍內再次建立，這標誌著當前牛週期中這種設置的第三個實例。從歷史上看，類似的壓縮已經發生了重大突破，這表明市場可能正在為另一個爆炸腿較高做準備。

However, without a confirmed breakout, caution remains. The consolidation around these levels could either lead to a surge above the ATH or another round of profit-taking and correction. All eyes are now on how BTC handles the $109K level, as the outcome will likely shape market direction heading into the final stretch of Q2.

但是，沒有確認的突破，謹慎行事。這些水平的鞏固可能會導致高於ATH的激增，或者是另一輪獲利和更正。現在，所有人的目光都關注BTC如何處理$ 109K的水平，因為結果可能會影響到第2季度最終的市場方向。

Compression Builds As Bitcoin Struggles Near All-Time High

壓縮構建是比特幣掙扎的近距離掙扎

Bitcoin is currently facing a pivotal moment in its market structure as it tests resistance levels just below its all-time high. The price surged to $108,000 but continues to be met with persistent sellers at key supply zones that are capping bullish momentum.

比特幣目前在其市場結構中面臨著關鍵時刻，因為它測試了低於其歷史最高水平的阻力水平。價格飆升至108,000美元，但在關鍵的供應區域中，持續的賣家仍在限制看漲勢頭。

Despite the impressive rally since April, where BTC gained over 40% in value, many analysts are now calling for a retrace if bulls fail to deliver a convincing breakout. A critical support level at $100,000 is now the line in the sand. Losing it could trigger a deeper correction and shake short-term investor confidence.

儘管自4月以來舉行了令人印象深刻的集會，而BTC的價值獲得了40％以上，但如果公牛隊未能提供令人信服的突破，許多分析師現在呼籲進行回顧。現在，$ 100,000的關鍵支持水平已成為沙子。失去它可能會引發更深入的更正並動搖短期投資者的信心。

While the technical setup points to potential upside, the market sentiment doesn’t yet reflect the typical euphoria seen near ATH levels. Instead, the tone remains cautious. Liquidity continues to build above the $108,000 mark, and a decisive push beyond that could finally initiate the next phase of price discovery.

儘管技術設置指向潛在的上行空間，但市場情緒尚未反映出在ATH級別接近的典型欣快。相反，語氣仍然謹慎。流動性繼續超過108,000美元，而果斷的推動力最終可以啟動下一階段的價格發現。

Top analyst Axel Adler adds weight to the bullish case, noting that on the daily timeframe, compression is building up once again, marking the third such event in this bull cycle. Historically, a trio of compressions preceded the explosive 2018 rally. Adler suggests that the current price action resembles a tightly coiled spring, ready to release. Whether that energy resolves upward or downward remains to be seen, but the setup signals a large move is imminent.

頂級分析師阿克塞爾·阿德勒（Axel Adler）為看漲案例增加了權重，並指出在日常的時間表上，壓縮再次建立，標誌著該公牛週期中的第三個事件。從歷史上看，三個壓縮在2018年爆炸性集會之前。阿德勒（Adler）建議，當前的價格動作類似於準備釋放的緊密盤繞的春天。能量是否向上還是向下解析還有待觀察，但是設置信號迫在眉睫。

In short, Bitcoin remains caught between growing bullish pressure and looming market hesitation. A clean break above $109,000 could confirm the start of an impulsive rally, but if sellers take control, a sharp retrace could follow. Either way, volatility is on the horizon.

簡而言之，比特幣仍在看漲的壓力和迫在眉睫的市場猶豫之間。超過$ 109,000的干淨休息時間可以確認衝動集會的開始，但是如果賣方控制了，則可能會進行急劇的回顧。無論哪種方式，波動率即將到來。

Technical Details: BTC Flirts With ATH

技術詳細信息：BTC調情與ATH

Bitcoin continues to trade within a tight consolidation range on the 4-hour chart, holding above the key $103,600 support level. After reaching a local high of around $108,000, BTC saw a sharp rejection that brought it back to $106,166 at the time of writing. This price action reflects rising indecision in the market as bulls defend higher lows but fail to push into new highs above the ATH.

比特幣繼續在4小時圖表上的緊密整合範圍內進行交易，超過了103,600美元的支持水平。 BTC達到了大約108,000美元的當地高點之後，在寫作時看到了一個急劇拒絕，將其帶回了106,166美元。這種價格行動反映了市場上的猶豫不決，因為公牛捍衛了更高的低點，但未能進入高於ATH的新高點。

The 200 EMA and 200 SMA are well below the current price at $98,119 and $97,254, respectively, reinforcing a bullish structure in the medium term. Volume remains relatively stable but has not shown the strength typically needed to break out of a consolidation pattern. This suggests that traders are still waiting for a clearer directional signal.

200 EMA和200 SMA遠低於目前的價格，分別為98,119美元和97,254美元，在中期中加強了看漲的結構。體積保持相對穩定，但尚未顯示出脫離整合模式所需的強度。這表明交易者仍在等待更清晰的方向信號。

If BTC breaks above the $108K resistance, a retest of the $109K ATH becomes likely. However, failure to hold above $103,600 could trigger a deeper pullback, with the $100K level acting as a critical psychological and technical support zone.

如果BTC超過了108,000美元的抵抗力，則可能會重新測試10.9萬美元的ATH。但是，如果不超過103,600美元，則可能會引發更深層次的回調，而10萬美元的水平充當關鍵的心理和技術支持區。