比特币（BTC）公牛面临1.2亿美元的抵抗挑战

BTC公牛队面临1.2亿美元的抵抗挑战

Bitcoin bulls are facing a $120 million resistance challenge as they look to extend the classic “stair-step” uptrend, or periodic controlled move higher, order book data from analytics platform Kiyotaka.ai showed on Wednesday.

比特币公牛从分析平台Kiyotaka.ai周三显示的订购书籍数据中显示，他们希望扩大经典的“楼梯步骤”上升趋势，或者定期受控移动的较高的经典“楼梯”上升趋势，正面临1.2亿美元的抵抗挑战。

Since April 9, bitcoin has climbed about 38%, advancing from around $75,000 to $104,000 as trade tensions eased and major market participants deployed capital.

自4月9日以来，比特币已攀升约38％，随着贸易紧张局势缓解和主要市场参与者部署资本，比特币从约75,000美元上升到104,000美元。

This rally can be described as a classic stair-step pattern: Initial bullish impulses are followed by periods of consolidation, which set the stage for the next upward move.

该集会可以描述为经典的楼梯步骤模式：最初的看涨冲动之后是合并时期，这为下一个上下移动奠定了基础。

For example, the initial increase from $75,000 encountered range-bound trading between $83,000 and $85,000. The subsequent step higher faced consolidation between $92,000 and $96,000.

例如，最初从75,000美元遇到的范围交易在83,000美元至85,000美元之间。随后的步骤更高面对92,000美元至96,000美元。

Similarly, since May 10, prices have mainly oscillated between $101,000 and $105,000, marking consolidation following the step into six-figure territory.

同样，自5月10日以来，价格主要在101,000美元至105,000美元之间振荡，这标志着阶段进入六位数领土之后的合并。

From here, advancing to the next phase of gains will require bulls to chew through a substantial number of sell orders at around $105,000, posing a significant resistance barrier.

从这里开始，前进到下一阶段的收益将要求公牛以约105,000美元左右的大量卖出订单咀嚼，并带来明显的阻力障碍。

Sell orders worth nearly $50 million were open at $104,800 across major exchanges in addition to the $70 million in selling pressure at $105,000, according to the data source.

根据数据源，卖出价值近5000万美元的卖出订单开放为104,800美元。

Kiyotaka.ai tracks the order book heat map by pulling order book data from spot trading on Binance, Bitstamp, Bybt, Coinbase and OKX and perpetual futures trading on Binance, Bybit and OKX.

Kiyotaka.ai通过从Binance，BitStamp，Bybt，Coinbase和OKX和OKX以及Bybit和Okx上的订单交易中提取订单簿热图跟踪订单的热图。

An open order placed above the current market price is usually a sell order. These can be called limit sell orders, setting the minimum price that sellers are willing to accept. When the spot price reaches this level, the order may be executed, allowing the seller to sell at or above that level.

在当前市场价格以上的开放订单通常是卖出订单。这些可以称为限额卖出订单，设定卖方愿意接受的最低价格。当现货价格达到此级别时，可以执行订单，从而使卖方以或更高的价格出售。

The chart shows that the global aggregated order book is relatively stacked at higher price levels, hinting at potential profit taking as prices approach lifetime highs.

该图表显示，全球汇总订单簿相对较高的价格水平堆叠，这暗示了随着价格接近寿命高点的潜在利润。

Macro indicators and technical momentum indicators suggest the path of least resistance is on the higher side, meaning sooner or later bulls will absorb the selling pressure, lifting valuations to record highs.

宏观指标和技术动量指标表明，阻力最小的路径是较高的一侧，这意味着公牛迟早会吸收销售压力，从而提高估值以记录高点。

In other words, these sell walls won't be there forever.

换句话说，这些卖墙不会永远存在。