比特币[BTC]正式进入Wyckoff阶段E -Golden Cross为下一个市场周期奠定了基础

比特币[BTC]正式进入了Wyckoff积累模型的E阶段E阶段，以突破性和强劲的向上延续为标志。

Bitcoin (BTC) price has officially entered Phase E of the Wyckoff Accumulation model, typically marked by a breakout and strong upward continuation. One key technical confirmation was witnessed on the 24th of May, when the 50-day Moving Average (MA) crossed over the 200-day MA, forming the ‘golden cross’.

比特币（BTC）的价格已正式进入Wyckoff积累模型的E期，通常以突破性和强劲的向上延续为标志。 5月24日，当50天的移动平均线（MA）越过200天的MA，形成“ Golden Cross”时，就目睹了一项重要的技术确认。

The chart pattern is traditionally considered a bullish long-term signal. It usually indicates a shift in sentiment.

传统上，图表模式被认为是看涨的长期信号。它通常表明情绪转移。

Naturally, many traders have now set their sights on the $125K mark—the first major resistance within this markup phase.

自然，许多交易者现在将目光投向了125,000美元的商标，这是此标记阶段中的第一个主要阻力。

Source: X

来源：X

The real question remains—what happens beyond that?

真正的问题仍然存在 - 除此之外会发生什么？

U.S. Senate crypto bills could initiate the next market phase

美国参议院加密票据可以启动下一个市场阶段

From a highly regarded market analyst’s tweet, the next cycle for Bitcoin could either be a distribution phase or a re-accumulation phase.

从备受推崇的市场分析师的推文中，比特币的下一个周期可能是分配阶段或重新蓄能阶段。

The likeliest, in his view, is re-accumulation, particularly with the U.S. Senate set to vote on key crypto legislation soon.

在他看来，最有可能的是重新淘汰，特别是在美国参议院即将对关键加密立法进行投票时。

Of course, regulatory events inject volatility. But they could also support institutional confidence, especially if legal clarity emerges around digital asset classifications.

当然，监管事件注入波动。但是他们也可以支持机构的信心，尤其是在围绕数字资产分类的法律清晰度出现时。

Addresses withdrawing Bitcoin are declining

撤回比特币的地址正在下降

On-chain metrics add fuel to the current rally.

链上的指标为当前拉力赛增加了燃料。

The declining number of Exchange Withdrawing Transactions—a key indicator tracking how often BTC is moved to private wallets, suggested selling pressure may be dwindling.

撤回交易的数量下降 - 一种关键指标跟踪BTC转移到私人钱包的频率，建议卖出压力可能会减少。

Picking up on the decline, the resulting fade in selling pressure may act as a stealthy bullish driver, reducing overhead resistance and powering price momentum.

随着下降的速度，销售压力的淡入淡出可能是一个隐秘的看涨司机，从而降低了高架阻力和驱动价格势头。

This pattern aligns with the analyst’s projection of a distribution move near $260K by August or September, assuming market supply remains constrained.

这种模式与分析师预测到八月或9月的分配搬迁的预测相吻合，假设市场供应仍受到限制。

Source: CryptoQuant

资料来源：加密

As Bitcoin continues to heat up with new highs and a ‘golden cross’, the potential for the cryptocurrency to continue rallying despite reaching new highs is in sight.

随着比特币继续随着新的高点和“黄金十字”的速度加热，尽管达到新高点，也可以将加密货币继续进行集会。

However, with the 50-day MA now crossed over the 200-day MA, it may be setting up the 200-day MA to cross back over the 50-day MA. Such a scenario may unfold if the price experiences a pullback or consolidation.

但是，随着50天的MA现在越过200天的MA，它可能会设置为200天的MA，以越过50天的MA。如果价格经历了回调或合并，这种情况可能会发生。

This could lead to a bearish triple-divergence pattern on the lower time frames, potentially setting the stage for further downside movement.

这可能会导致较低时间范围的看跌三位分模式，有可能为进一步的下行运动奠定基础。

The implication is that if the 200-day MA crosses over the 50-day MA, it could be setting up for a lower low on the 4-hour chart.

这意味着，如果200天的MA超过50天的MA，则可能在4小时的图表上设置较低的低点。

Moreover, if the price drops below the 50-day MA, it may continue to fall until it reaches the 200-day MA, setting up the 200-day MA to cross over the 50-day MA again.

此外，如果价格下降到50天的MA以下，它可能会继续下降，直到达到200天的MA，建立了200天的MA，以再次超过50天的MA。

This pattern is commonly observed during market tops or during transitions from bullish to bearish trends.

这种模式通常在市场顶部或从看涨到看跌趋势的过渡期间观察到。

The potential for a bearish triple-divergence pattern arises as the lower lows in price may be setting up three bottoms on the 4-hour chart, especially if the price drops below the 50-day MA and continues to fall from there.

出现看跌三位病模式的潜力可能是因为价格下降可能在4小时图表上设置了三个底部，尤其是如果价格下降到50天的MA以下并且继续从那里下降。

This, in particular, may be setting up the 200-day MA to cross over the 50-day MA, especially if the price drops below the 50-day MA and continues to fall until it reaches the 200-day MA.

特别是，这可能会设置为200天的MA，以超过50天的MA，尤其是如果价格下降到50天的MA以下并继续下降直到达到200天的MA。

This pattern is commonly seen during market tops or during transitions from bullish to bearish trends.

这种模式通常在市场顶部或从看跌趋势到看跌趋势的过程中出现。

The implication is that if the 200-day MA crosses over the 50-day MA, it may be setting up for a lower low on the 4-hour chart.

这意味着，如果200天的MA超过50天的MA，则可能会在4小时的图表上设置较低的低点。

If the scenario plays out as planned, it could open the door for the price to continue falling until it reaches the Fib level of 0.382 at $96K.

如果该方案按计划进行，则可以为价格下跌而打开大门，直到达到0.382美元的FIB水平为9.382美元。

If the Fib level holds, it may set the stage for another rally in price, potentially leading to the final wave of the cycle.

如果FIB水平成立，它可能会为另一个价格集会奠定阶段，并有可能导致最终的周期浪潮。

On the other hand, if the Fib level fails to hold and the price continues to fall, it may signal the beginning of a new bear market.

另一方面，如果FIB水平无法保持且价格继续下跌，则可能标志着新的熊市的开始。

The crucial aspect to keep in mind is that if the price drops below the 50-day MA, it may continue to fall until it reaches the 200-day MA, setting up the 200-day MA to cross over the 50-day MA again.

要记住的关键方面是，如果价格下降到50天的MA以下，它可能会继续下降，直到达到200天的MA，建立了200天的MA，以再次超过50天的MA。

This pattern is commonly seen during market tops or during transitions from bullish to bearish trends.

这种模式通常在市场顶部或从看跌趋势到看跌趋势的过程中出现。