比特幣反彈，牛市情緒回升

比特幣 (BTC) 週一飆升超過 5%，繼上週因 ETF 資金外流而下跌後，重返 70,000 美元大關。分析師將反彈歸因於 ETF 資金流出放緩、看漲的技術面以及有利的宏觀基本面，包括聯準會重申降息。比特幣價格在 38.2% 斐波那契回撤位找到支撐，並有望突破 69,000 美元的先前紀錄高位，有利的流動性條件和有限的空頭頭寸可能會推動進一步的勢頭。

Bitcoin's Comeback: A Resurgence of Bullish Sentiment

比特幣捲土重來：看漲情緒復甦

Is Bitcoin Rebounding on Technical and Macro Support?

比特幣在技術和宏觀支撐下反彈嗎？

Bitcoin has bounced back, reclaiming the crucial $70,000 level after a brief pullback last week. Analysts attribute this rebound to easing outflows from Bitcoin ETFs, favorable technical indicators, and improving macroeconomic fundamentals.

比特幣在上週短暫回檔後已經反彈，收復關鍵的 7 萬美元水準。分析師將這一反彈歸因於比特幣 ETF 資金流出的緩解、有利的技術指標以及宏觀經濟基本面的改善。

What Sparked Bitcoin's Jump?

是什麼引發了比特幣的上漲？

While no single catalyst is evident, Alex Thorn of Galaxy Digital suggests that a pause in ETF selling and improving technicals contributed to the renewed buying interest. He noted that such retracements are common in Bitcoin bull market cycles.

雖然沒有明顯的單一催化劑，但 Galaxy Digital 的 Alex Thorn 表示，ETF 銷售的暫停和技術的改善促成了新的購買興趣。他指出，這種回調在比特幣牛市週期中很常見。

Outflows Ease, Boosting Sentiment

資金外放緩，提振市場情緒

Outflows from Grayscale's Bitcoin Trust (GBTC), known for its hefty fees, contributed to last week's weakness. However, outflows have eased, potentially removing a headwind for Bitcoin prices.

以高額費用聞名的灰階比特幣信託基金（GBTC）的資金流出導致了上週的疲軟。然而，資金外流有所緩解，可能消除比特幣價格的阻力。

Macro Fundamentals: A Tailwind for Bitcoin

宏觀基本面：比特幣的順風車

Sam Callahan of Swan Bitcoin believes Bitcoin's rebound is linked to improving macro fundamentals. The Federal Reserve's reaffirmation of its intention to raise interest rates by three-quarters of a percentage point by the end of the year has boosted sentiment. Callahan suggests that such actions enhance liquidity conditions, benefiting asset prices.

Swan Bitcoin 的 Sam Callahan 認為，比特幣的反彈與宏觀基本面的改善有關。聯準會重申有意在年底前升息四分之三個百分點，提振了市場情緒。卡拉漢認為，此類行動可以改善流動性狀況，進而有利於資產價格。

Short Positions: A Sign of Confidence

空頭部位：信心的標誌

Data from CoinGlass shows that liquidations of Bitcoin short positions have been below average over the past 24 hours. This indicates that investors are not betting heavily on further price declines, suggesting confidence in the market.

CoinGlass 的數據顯示，過去 24 小時內比特幣空頭部位的清算量低於平均值。這顯示投資者並沒有大量押注價格進一步下跌，顯示對市場的信心。

Technical Support: The 38.2% Fibonacci Level

技術支撐：38.2%斐波那契水平

Bitcoin's price found buying support at the key 38.2% Fibonacci retracement level, just above $60,000. This area is also close to Bitcoin's previous record high of $69,000 set in November 2021.

比特幣價格在關鍵的 38.2% 斐波那契回檔位（略高於 60,000 美元）找到了買盤支撐。該地區也接近比特幣於 2021 年 11 月創下的歷史新高 69,000 美元。

A Potential Breakout: Eyes on $73,835

潛在突破：關注 73,835 美元

A convincing breakout above the current record high at $73,835.57 could signal a continuation of the bullish momentum. However, a reversal at this key level could pave the way for a deeper retracement towards the 50-day moving average.

令人信服地突破當前歷史高點 73,835.57 美元可能預示著看漲勢頭的延續。然而，這一關鍵水平的逆轉可能為進一步回調至 50 日移動平均線鋪平道路。

Conclusion

結論

Bitcoin's rebound is supported by a combination of factors: easing outflows, favorable technicals, and improving macro fundamentals. The cryptocurrency is approaching its previous record high, signaling the potential for further upside. However, a reversal at key resistance levels could lead to a deeper pullback.

比特幣的反彈受到多種因素的支持：資金流出放緩、有利的技術面和宏觀基本面的改善。該加密貨幣正在接近先前的歷史新高，顯示有進一步上漲的潛力。然而，關鍵阻力位的逆轉可能會導致更深層的回調。