隨著比特幣眼睛價格發現，被困的範圍戲劇性的波動性

比特幣的交易範圍在100,000美元至105,000美元之間，這引發了渴望下一步重大行動的投資者的不耐煩。

Bitcoin (BTC) has been trading in a narrow range between $100,000 and $105,000, sparking growing impatience among investors eager for the next major move. After weeks of bullish momentum and a sharp climb from April lows, the market has entered a phase of quiet consolidation.

比特幣（BTC）的交易範圍在100,000美元至105,000美元之間，這引發了渴望下一步重大行動的投資者的不耐煩。經過數週的看漲勢頭和四月低點的急劇攀升，市場進入了安靜的鞏固階段。

While this kind of sideways price action may seem uneventful, it often precedes volatility, and traders are watching closely. According to fresh data from CryptoQuant, traders—those holding Bitcoin for 1 to 3 months—are now firmly back in profit territory. Their average profit/loss margin has swung from a -19% deficit to +21% in just one month, highlighting how much the recent rally has shifted sentiment. The 30-day moving average of their profit now sits at around +9%, a healthy but not yet overheated level.

儘管這種側向價格行動似乎很順利，但通常在波動之前，交易者正在密切關注。根據CryptoQuant的新數據，交易者（持有比特幣1到3個月）現在牢固地回到了利潤領域。他們的平均利潤/損失利潤率從一個月內從-19％的赤字下降到 +21％，這突出了最近的集會改變了多少情緒。現在，他們的利潤30天移動平均值約為9％，這是健康但尚未過熱的水平。

This recovery in unrealized gains suggests that market participants who bought the dip have been rewarded and may now be positioning for another leg up or preparing to take profits. As the trading range tightens, the market appears coiled for a decisive move. Whether Bitcoin breaks new all-time highs or faces a deeper pullback remains to be seen. For now, the wait continues.

未實現的收益中的這種恢復表明，購買了DIP的市場參與者已獲得獎勵，現在可能正在定位另一條腿或準備獲利。隨著交易範圍的收緊，市場出現盤繞以做出決定性的舉動。比特幣打破了新的歷史高潮還是面對更深的回調還有待觀察。目前，等待繼續。

Traders Back In Profit As Bitcoin Eyes Price Discovery

隨著比特幣眼睛價格發現，交易者重新獲得利潤

隨著比特幣眼睛價格發現，交易者重新獲得利潤

Bitcoin is showing signs of strength as it hovers just below its all-time high near $109,000. Despite recent upward momentum, the $105,000 resistance level has proven difficult to break, keeping BTC locked in a tight range between $100,000 and $105,000.

比特幣表現出強度的跡象，因為它徘徊在其歷史最高售價近109,000美元以下。儘管最近勢頭向上，但105,000美元的阻力水平已被證明很難中斷，使BTC鎖定在100,000美元至105,000美元之間。

This consolidation has created a sense of market indecision, with bulls attempting to maintain control while bears test their resolve. Still, the broader trend remains bullish, and many investors believe a breakout into price discovery is imminent if current support holds.

這種整合產生了一種猶豫不決的猶豫感，公牛試圖在熊測試他們的決心時保持控制。儘管如此，更廣泛的趨勢仍然是看好的，許多投資者認為，如果目前的支持持有，將即將進行價格發現的突破。

Top analyst Darkfost shared insights into on-chain activity, highlighting that traders—defined as wallets holding Bitcoin for 1 to 3 months—have returned to profit. Their profit/loss margin has shifted dramatically from -19% to +21% over the past month, a sign of renewed market confidence. The 30-day moving average for this cohort’s profitability now sits at +9%, indicating a healthy but not excessive gain.

頂級分析師DarkFost分享了對鏈活動活動的見解，強調了交易者（被定義為持有比特幣1到3個月的錢包）恢復了盈利。在過去的一個月中，他們的利潤/損失利潤率已從-19％急劇轉移到 +21％，這表明了市場信心的跡象。該隊列的盈利能力的30天移動平均值現在為9％，表明健康的增長不足。

Interestingly, since the last correction, the realized price for these traders has dropped to $84,600 and appears to be stabilizing. This suggests increased buying activity during the dip, reinforcing the bullish structure. While current levels are far from the overheated zone of +40%, rising unrealized profits may soon tempt some investors to take partial gains.

有趣的是，自上次更正以來，這些交易者的實現價格已降至84,600美元，似乎正在穩定。這表明在浸入過程中的購買活動增加，從而增強了看漲的結構。儘管目前的水平遠離 +40％的過熱區域，但未實現的利潤上升可能很快就會吸引一些投資者取得部分收益。

The coming days are likely to be decisive. A breakout above $105K could open the doors to price discovery, while failure to hold support may trigger short-term selling. For now, Bitcoin remains at a pivotal point.

未來幾天可能是決定性的。超過$ 105K的突破可能打開了價格發現的大門，而未能持有的支持可能會觸發短期銷售。目前，比特幣仍然處於關鍵點。

Technical Details: Calm Before The Big Move

技術細節：大步前冷靜

技術細節：大步前冷靜

Bitcoin is currently trading around $103,300 after failing to break through the $103,600 resistance level. This area has become a key short-term barrier for bulls as price consolidates tightly beneath it.

在未能突破103,600美元的電阻水平後，比特幣目前的交易約為103,300美元。由於價格緊緊地在其下方，該地區已成為公牛隊的主要短期障礙。

The chart shows a clear structure of strong bullish momentum from early May, pushing BTC from the $87,000 area into the $100K–$105K zone. However, recent candles reflect indecision, with several wicks above $103,600 being rejected and the price closing below.

該圖顯示了5月初從5月初開始的強勁看漲勢頭的明確結構，將BTC從87,000美元的地區推向了$ 100K- $ 105K的區域。但是，最近的蠟燭反映了猶豫不決，幾個高於$ 103,600的燈芯被拒絕，而價格下面的價格則在下面。

Despite the rejection, bulls continue to defend the $100,000 support level effectively. The 200-day EMA and SMA are far below current prices—sitting around $88,000 and $92,600—highlighting the strength of the recent uptrend. Volume is decreasing slightly, suggesting that traders are waiting for a clear breakout or breakdown before committing to a new direction.

儘管被拒絕了，但公牛仍繼續有效地捍衛100,000美元的支持水平。 200天的EMA和SMA遠低於當前價格（約為88,000美元和92,600美元），這幅度為最近上升趨勢的實力。數量略有減少，表明交易者正在等待明確的突破或分解，然後才能邁向新的方向。

If Bitcoin can reclaim and hold above $103,600, a retest of the all-time high near $109K becomes increasingly likely. On the other hand, a loss of $100K could open the door to a deeper retracement toward the $96K–$94K range.

如果比特幣可以收回並持有超過103,600美元，那麼重新估價$ 109K的重新測試越來越有可能。另一方面，損失$ 10萬美元可能會為$ 96K - $ 9.4K範圍的更深層次回溯打開大門。